Allstate car insurance has been ordered to cut car insurance rates by 15.9% for residents in California. The news is likely to have a big effect on Allstate’s bottom line with the company insuring about 10% of the states cars. The rate cut comes into effect on April 14 and will result in average savings of $124 per vehicle.
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Esurance car insurance has announced that it has signed a six-year agreement with AutoWatch. Tech savvy customers of the direct-to-consumer personal auto insurer will now be able to monitor their vehicle’s repair progress online.
People who borrow payday loans on their credit card and accumulate debt may have to give up their car insurance as well as homes for sale.
Conning Research has made a study on the nonstandard car insurance market. Nonstandard generally refers to drivers that are considered as high-risk.
They have some interesting findings, including;
- Increasing use of technology in the insurance market gives car insurance companies the ability to track the actual risks of insuring motorists previously considered as high-risk.
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Investors had a little bit of a freak out at Progressive Car Insurance’s news that February monthly earnings fell 51%, dropping the share price by 6.6%. I guess the interesting question is; is this a sign of bad things to come?
Overall the situation is far from being bad for Progressive. Lets face it even if the economy is struggling a bit auto insurance is pretty much a necessity especially when you consider a basic level of cover is pretty much mandatory.
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State Farm is currently under investigation for suspected deceptive medical exams and document reviews. We pay our car insurance company for peace of mind that if we’re involved in an accident we will be taken care of.
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Have you noticed your Arizona car insurance quote getting cheaper over the last four years? Apparently State Farm auto insurance rates have dropped a total of 20.29% for Arizona motorists in the past four years. Arizona features in the top 10 states with the highest rate cut, with New Jersey topping the list at 29.20%.
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