Vehicle insurance

Uptick in Auto Insurance Shopping Follows Uneven Activity for Most of 2020

Retrieved on: 
Tuesday, March 9, 2021
Types of insurance, Insurance, Underwriting, Vehicle insurance, Insurance score, Payment protection insurance

Rates for lower-risk auto insurance shoppers remained flat-to-slightly elevated during the same July-December 2020 time period, compared to 2019.

Key Points: 
  • Rates for lower-risk auto insurance shoppers remained flat-to-slightly elevated during the same July-December 2020 time period, compared to 2019.
  • For additional insights into auto insurance shopping trends by region, customer risk and generation, the full report can be accessed here .
  • It includes information on more than 500 million auto insurance shopping transactions from January 2016 to December 2020.
  • The report excludes data from auto insurance customers in California, Hawaii and Massachusetts, where credit-based insurance scoring information is not used for auto insurance rating or underwriting.

VÍS Launches Car Insurance Priced on Driving Behavior

Retrieved on: 
Tuesday, March 9, 2021
Telecommunications, Insurance, Networks, Automotive, Professional services, Technology, General Automotive, Mobile, Wireless, Global Positioning System, Information technology management, Telematics, Pricing, Technology, Vehicle insurance, Science and technology, Vehicles

VS, the leading insurance company in Iceland, announced today the launch of the first car insurance program in the country that does not use traditional factors such as age as part of their pricing criteria but instead mileage and driving behavior.

Key Points: 
  • VS, the leading insurance company in Iceland, announced today the launch of the first car insurance program in the country that does not use traditional factors such as age as part of their pricing criteria but instead mileage and driving behavior.
  • kuvsir, powered by Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, will allow VS to change the way insurance is priced focusing on actual versus perceived risk, transparent pricing, and curbing phone-based distracted driving.
  • According to a recent survey conducted by Zenter Research for VS, 46% of drivers in Iceland made phone calls while driving.
  • I am immensely proud of kuvsir,'' concluded Helgi Bjarnason, CEO of VS Insurance Company, it is a revolutionary new option in the Icelandic insurance market.

Brokerage Websites Will Help Drivers Find The Best Car Insurance Deals

Retrieved on: 
Friday, March 5, 2021
Types of insurance, Insurance, Vehicle insurance, Gratuity, Economy, Articles, Economic sectors

When accessing brokerage websites, online users gain the following advantages:

Key Points: 
  • When accessing brokerage websites, online users gain the following advantages:
    Quotes are available anywhere, anytime.
  • Drivers can find the best deals scrolling the offers while sitting in the comfort of their home.
  • For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org/
    Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes.
  • This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers.

Insure Provides Guide to Insurance for the Unemployed in 2021

Retrieved on: 
Thursday, March 4, 2021
Labour law, Types of insurance, Economy, Insurance, Unemployment benefits, Unemployment insurance in Japan, Unemployment, Articles, Vehicle insurance, Microeconomics, Life insurance, Unemployment insurance in the United States

Topics reviewed in the insurance guide to unemployment include:

Key Points: 
  • Topics reviewed in the insurance guide to unemployment include:
    Unemployment benefits.State unemployment insurance programs provide temporary cash benefits to qualifying workers, with varying eligibility requirements.
  • Life insurance.
  • Auto insurance.
  • Consumers have access to free car insurance quotes and guidance on finding the right insurance policy, saving money and solving claims problems.

Missouri is 45th State to Approve Cambridge Mobile Telematics' Insurance Scoring Model

Retrieved on: 
Thursday, March 4, 2021
Professional services, Automotive, General Automotive, Technology, Insurance, Mobile, Wireless, Technology, Automotive electronics, Global Positioning System, Science and technology, Vehicle insurance, Information technology management, Telematics, Insurance, Transport, Telematics 2.0, Driveway Software

Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, announced its behavior-based premium insurance scoring model has just been approved for personal lines use in 45 states.

Key Points: 
  • Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, announced its behavior-based premium insurance scoring model has just been approved for personal lines use in 45 states.
  • View the full release here: https://www.businesswire.com/news/home/20210304005713/en/
    CMTs solution assesses crash risk based on an individuals behavior behind the wheel.
  • This enables insurers to offer auto insurance to a consumer based on their driving behavior.
  • Using telematics-based scoring enables insurers to base premiums on driving behavior, understanding risk better, said Ryan McMahon, CMTs Vice President of Insurance and Government Affairs.

Best’s Market Segment Report: U.S. Personal Auto Insurers See Greater Profitability But Less Premiums in Pandemic-Hit 2020

Retrieved on: 
Thursday, March 4, 2021
Professional services, Automotive, General Automotive, Insurance, Finance, Banking, Financial services, Finance, Money, Types of insurance, Insurance, Vehicle insurance, Underwriting, Loss ratio, Insurance in Australia

The new Bests Market Segment Report, titled, Premium Volume May Be Down but Profits Could Expand for Auto Insurers, states that the loss ratio of private passenger auto insurers improved year over year by 9.2 percentage points to 57.3% through the third quarter of 2020.

Key Points: 
  • The new Bests Market Segment Report, titled, Premium Volume May Be Down but Profits Could Expand for Auto Insurers, states that the loss ratio of private passenger auto insurers improved year over year by 9.2 percentage points to 57.3% through the third quarter of 2020.
  • At the same time, fewer drivers also led to a 1.7% drop in direct premiums written through third-quarter 2020, compared with the same period in 2019.
  • Personal auto insurers at the start of 2020 had been benefiting from a couple of years of positive underwriting and operating performance momentum.
  • Additionally, 21 insurers generated more than $1 billion in private passenger automobile direct premiums written through third-quarter 2020.

A-MAX Auto Insurance Now Serving the Sherman Area

Retrieved on: 
Wednesday, March 3, 2021
Geography of Texas, Dallas–Fort Worth metroplex, Insurance, Sherman, Texas, Vehicle insurance, El Paso, Texas, Texas

SHERMAN, Texas, March 3, 2021 /PRNewswire/ --A-MAX Auto Insurance, an industry leader specializing in providing low-cost insurance to thousands of residents and businesses, is proud to announce its expansion with its newest branch opening in Sherman, Texas.

Key Points: 
  • SHERMAN, Texas, March 3, 2021 /PRNewswire/ --A-MAX Auto Insurance, an industry leader specializing in providing low-cost insurance to thousands of residents and businesses, is proud to announce its expansion with its newest branch opening in Sherman, Texas.
  • "This is the first A-MAX office in Sherman and the surrounding area, and we look forward to serving the Sherman area residents and showing them everything A-MAX has to offer."
  • About A-MAX Auto Insurance:A-MAX Auto Insurance is headquartered in Dallas and has offices throughout Texas, including the DFW metroplex, Houston area, San Antonio, Austin, El Paso, Waco, the Rio Grande Valley, and more.
  • A-MAX acts as an independent insurance agency, which provides the ability to shop for the best prices and coverage options from multiple insurance carriers, including auto, renters, homeowners, and more.

Farmers Insurance® Extends Commercial Auto Insurance Coverage for Uber Independent Drivers and Couriers into Two New States, Adding Arizona and Nevada

Retrieved on: 
Monday, March 1, 2021
Transport, Uber, Location-based software, Vehicle insurance, Insurance, Service industries, Human activities, Ridesharing companies, Legality of ridesharing companies by jurisdiction, DiDi

"We're proud of our innovative commercial auto insurance solution that helps Uber and their independent drivers and couriers.

Key Points: 
  • "We're proud of our innovative commercial auto insurance solution that helps Uber and their independent drivers and couriers.
  • We'll continue working hard to provide an enhanced, personalized customer experience," added Bill Wilson, head of Transportation Network Company & commercial auto claims for Farmers.
  • Farmers will be providing these coverages to independent drivers using the Uber App through commercial auto insurance policies with Uber.
  • Farmers began providing commercial automobile insurance to independent drivers using the Uber App in 2018 in Pennsylvania and Georgia.

Vigilance is key in fighting insurance fraud - IBC provides tips for consumers this Fraud Prevention Month

Retrieved on: 
Monday, March 1, 2021
Property crimes, Crime, Crimes, Fraud, Insurance, Articles, Deception, Tort law, Insurance fraud, Insurance Bureau of Canada, Vehicle insurance

TORONTO, March 1, 2021 /CNW/ - It's Fraud Prevention Month, and Insurance Bureau of Canada (IBC) is asking Canadians to protect themselves from insurance fraud.

Key Points: 
  • TORONTO, March 1, 2021 /CNW/ - It's Fraud Prevention Month, and Insurance Bureau of Canada (IBC) is asking Canadians to protect themselves from insurance fraud.
  • "We're seeing an increase in fraud and scams across Canada," said Maria Dalcin, Senior Vice-President, Insurance Fraud & Operations, IBC.
  • "IBC wants to help consumers avoid falling victim to insurance fraud.
  • Unregulated and dishonest practices in the towing and storage industry drive up the cost of auto insurance paid by consumers.

Mercury Insurance Advises Californians of New Driving Laws for 2021

Retrieved on: 
Friday, February 26, 2021
Transport, Land transport, Service industries, Road safety, Traffic law, Vehicle insurance, Driving, Traffic, Controlled-access highway, Mercury General

The following new 2021 California driving laws are now in effect or going into effect later this year:

Key Points: 
  • The following new 2021 California driving laws are now in effect or going into effect later this year:
    Unattended Children in Motor Vehicles.
  • Updates to California's "Move Over, Slow Down" law will extend to local streets and roads, not just freeways, starting January 1, 2021.
  • Driving safely and abiding by traffic laws can prevent collisions from occurring, and being a safe driver can also save you money on your auto insurance.
  • Talk to your insurance agent to see if you're eligible for a Mercury Insurance Good Driver Discount .