Auto repair shops across the country have filed auto insurance lawsuits claiming that carriers have forced them to use aftermarket parts for their repairs. A report from a Boston TV station showed that auto body shops in 19 states have filed auto insurance lawsuits against numerous insurance providers. The report also found that these auto […]
Insurance giant Allstate recently filed a patent for a plan to calculate auto insurance rates based on a driver’s habits, rather than their driving records. The patent would allow the insurance carrier to use “telematics” data to determine auto insurance rates. The data would come from equipment installed in the vehicles, as well as from […]
A recent article in Forbes Magazine speculated that the advent of self-driving cars would cause the auto insurance industry either to change its structure or render it obsolete. According to researchers at McKinsey & Company, the widespread use of autonomous vehicles would eliminate up to 90 percent of all fatal traffic accidents by 2050. This […]
Swedish automaker Volvo recently released a statement saying that the company would accept the burden of auto accident liability when one of its self-driving cars is involved in a collision. Håkan Samuelsson, Volvo’s president and CEO, made the statement last week in Washington, D.C., during a presentation on autonomous vehicles. German auto manufacturer Mercedes-Benz and […]
Nearly every state requires its drivers to have some form of auto insurance coverage. However, some drivers may not be aware of the protections offered by their policies. The terminology involved in writing auto insurance policies can be confusing to non-professionals. When drivers are involved in accidents, they may not be aware that they lack […]
A federal lawsuit filed by auto body shops claims that the auto insurance carriers will only cover repairs that use after-market parts. The auto insurance lawsuit alleges that the parts that auto insurance companies cover are less safe than new parts. The suit claims that the difference between new and after-market parts reduces the insurer’s […]
Reports of the recent VW diesel scandal revealed that the German automaker cheated on its emissions testing for thousands of its popular diesel vehicles. Representatives admitted that the company applied a “defeat device” to vehicles that underwent emissions tests by authorities in the U.S. and Europe. Vehicles with the device showed emissions within the permissible […]
When shopping for a policy, many potential customers tend to think of some popular auto insurance myths and how they could affect their coverage. These myths can determine how customers shop for a policy, what kind of coverage they receive, and how much they pay from premiums. A recent poll highlighted how these auto insurance […]
The Pennsylvania Insurance Department recently announced a new policy calling for insurers to justify why they charge higher auto insurance rates for unmarried or widowed drivers. The policy comes in response to recent reports regarding insurance carriers who charge higher auto insurance rates for unmarried or widowed women than they do for married women with […]
An increase in auto accidents in Ohio has prompted some carriers to increase their auto insurance rates across the state. A report from the Ohio Department of Public Safety showed that the number of auto accidents rose by 7 percent last year. The rate of fatal accidents has risen by more than 10 percent through […]