An analysis of premiums from four California insurers by OnlineAutoInsurance.com shows males’ annual premiums were an average of $630 more than females’ annual premiums. Last week, OnlineAutoInsurance.com released a premium analysis comparing prices for the same 12-month California car insurance policy across different providers and age brackets. This week, they take it a step further [...]

A group of US senators and representatives have introduced legislation to the new Congress that would establish federal driver’s licensing standards for a high risk auto insurance group: beginning drivers. Statistics show that teenagers are four times more likely to get into a crash than older drivers, and car insurance companies routinely charge younger drivers [...]

The Oregon Division of Insurance (DOI) reported last week that more than 8,000 policyholders benefited in 2010 by taking advantage of a new state law enabling them to request a reassessment of their premium prices. The law, which was passed in 2009 and went into effect in 2010, made it so that Oregonians can request [...]

Auto Insurer Begins Phase-Out of So-Called “Your Choice” Policies in California Today Allstate Insurance has agreed to stop selling its aggressively marketed “Your Choice Auto” (YCA) insurance program in California, in response to a challenge brought by the nonprofit Consumer Watchdog. As of today, Allstate will no longer issue new YCA policies, which Consumer Watchdog [...]

State Farm Mutual Automobile Insurance Company is hiking its overall insurance rate by an average of 8.1% in New York. The intended date of this change is January 24, 2011. However, the new rate hike still leaves the State Farm overall rate in New York 10.5% less as compared to 7.5 years ago. Insurance premiums [...]

Allstate recently announced the introduction of a new program offered to Illinois drivers that rewards safe and infrequent drivers discounts up to 30% on their insurance premiums. The new plan will be called “Drive Wise” and Allstate is expected to offer the same or similar program in other states as early as the second quarter [...]

With car insurance costs on the rise, Škoda Australia is combating the problem for customers with a special offer. Škoda is giving away one year’s free insurance on every new vehicle sold for a limited time between now and 28 February 2011. “We knew that rising insurance costs were becoming an issue for car buyers [...]

Mercury Insurance, a top rated California automobile insurer, recently announced a planned $72 million premium lowering that could see at least 10% of California drivers qualify. Along with this price slash is other programs such as an announced group discount plan for university alumni and the addition of a 24-hour Roadside Assistance initiative for individuals [...]

State Farm Insurance has announced its yearly automobile insurance ratings for particular makes and models. Using its broad claims statistics, the company draws up what they call a collision damage index (CDI) and a damage and theft index (DTI). The CDI figures out what each particular automobile’s premium charge will be. The DTI calculates which [...]

High-risk drivers in the state of Texas who are insured through the Texas Automobile Insurance Plan Association (TAIPA) welcomed the recent announcement made by state regulators regarding a reduction of rates on TAIPA insurance policies for the year 2011. TAIPA provides insurance cover to drivers in the state of Texas who are refused cover by [...]