"Auto Insurance" Blogs

More on Self-Driving Cars: Insurance as We Know It May Disappear

As self-driving cars hit the road and the technology becomes familiar chances are that car insurance as we know it may disappear. But between here and there a lot needs to happen. Realistically speaking, most people haven’t experienced autonomous cars before. All of this could complicate things a bit for insurance companies. There will be […]

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AI-Powered Digital Auto Insurance Provider Raises $50M: What the Experts Say

Clearcover, a digital car insurance provider, has recently raised $50 million in a Series C round by Omers Ventures. The Illinois-based startup uses an AI tool trained on millions of data points to match drivers with affordable auto insurance, and to expedite the claims process with immediate disbursements for repairs of accident-related damages. Anticipating their […]

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CA Department of Insurance Proposes Major Change on Auto Insurance Group Discounts

The California Department of Insurance has recently proposed a major correction on auto insurance group discounts. The proposed regulations will reform how insurers offer group discounts whether it be based on profession, education, or any other random factor.   If approved, it will be the first major change to the ‘affinity group’ discounts since 1988 – […]

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Distracted Driving Could Increase Your Auto Insurance Premium

If you are one of those being caught using your phone behind the wheel recently, you may end up paying more in insurance premiums for a distracted driving conviction. Recent data shows that auto insurance companies are taking distracted driving seriously, which is reflected in increased premiums. According to 2015 statistics by the National Highway […]

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A New Law in Idaho Targeting Uninsured Drivers Taking Effect Jan. 1

Idaho lawmakers recently announced that a new law targeting uninsured drivers is expected to take effect Jan.1. The state Department of Motor Vehicles set up a stronger standard of financial liability stated on their website. Currently, Idahoans that fail to provide proof of insurance 30 days after a warning from the Idaho Transportation Department (ITD), […]

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No-Fault Claims Fee to Drop 55% Under Michigan Auto Insurance Reform

After years of Michiganians paying some of the highest car insurance rates nationwide, the Michigan Catastrophic Claims Association (MCCA) recently announced a 55% vehicle assessment fee cut, which will begin on July 2020. People will pay $100 to have their vehicles assessed with the option of either reducing coverage or waive it entirely.    Residents […]

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How Self-Driving Vehicles Will Affect Car Insurance

Many motorists are ready for the new updates in the auto and insurance industries. This is not a science fiction book – it’s a reality. The self-driving technology is improving as we speak as a result of machine learning and owner input. Experts expect the self-driving vehicles to be the norm by 2040. Twenty years […]

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DIMONT Auto Insurance Verification Service Updated

DIMONT, a Dallas-based leading provider of insurance administration and loan services, has recently announced the availability of its new Insurance Verification Service. The new verification service makes the whole authentication process a lot quicker and more effective as dealers and auto finance companies verify legit insurance coverage on customers through the implementation of proprietary insurance […]

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Texas Department Of Insurance Warns Of Auto Insurance Phone Scam

The Texas Department of Insurance (TDI) is alerting consumers regarding a phone scam by a company claiming to be the Consumer Insurance Association. They are offering to lower auto insurance costs and asking about the customer’s current coverage. TDI says this is a scam. The caller will mention the names of well-known insurance companies and […]

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Lawsuit Challenges No-fault Auto Insurance Reform Law

The guardians of two victims of catastrophic crashes and a brain-injury rehabilitation facility challenged Michigan’s new auto insurance law arguing that the no-fault auto insurance reform is unconstitutional. The pending limits on reimbursement rates for nursing and other care is a violation of their constitutional rights and should be challenged in court. The lawsuit challenges […]

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Do you mind being tracked to save on auto insurance?

A new type of discount is now available to customers of Progressive when they put a tracker in their vehicles known as Snapshot. The tracker is plugged into the car’s computer and provides accurate data about braking, speed, and miles driven. There is another system known as Onboard Advisor offered through Liberty Mutual but is […]

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Disturbing Disparities in Auto Insurance Discounts for Millions of Drivers in California

The Department of Insurance has recently released data that shows the wide socioeconomic inequality in the auto insurance discounts offered to drivers in California. The investigation shows that many affinity groups are extremely and unfavorably affecting low-income drivers who reside in ZIP codes with lower levels of education and inner-city communities. Unfortunately, there are several […]

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