Study: Major Insurers Raise Rates After Accidents, Even If Policyholder Isn’t at Fault
You get rear-ended by another driver and at the scene of the accident, you exchange your insurance information to later file a claim with your carrier. Your insurer will compensate you for the damage of the fender-bender and in the meantime, you wait to get your vehicle fixed. However, when it comes time for auto insurance…
Survey Shows Insurance Rates Vary by Car Model
As a driver, you make sure to follow the rules of the road, so you don’t get into an accident and have to pay higher rates. But, what if the car you drive is causing you to pay higher monthly premiums? In some instances, according to a recent survey conducted by Value Penguin, this could…
CT Teens are Some of the Country’s Safest Drivers, Pay Second-Highest Insurance Rates
Motor vehicle accidents continue to be the most common cause of teen deaths. In response, CarInsurance.com conducted a survey of teen drivers’ habits, looking at national data and input from 500 parents about their children’s driving habits. To compile data, researchers looked at several factors: Insurance costs, fatal crashes, strictness of Graduated Drivers Licensing (GDL)…
Car Insurance Companies May Start Associating Greater Risks and Higher Rates for Certain Routes
What if your travel destinations impacted your insurance rates? Your driving habits influence how much you pay each month, but according to a report from USA TODAY, three insurers have already filed patents for route-based risk programs. So far, Allstate, State Farm and Travelers have proposed to examine the routes drivers regularly take and assign…
Survey Shows High Cost of Insurance is One Reason Many Want to Leave CT
A recent survey conducted by InformCT found that 40 percent of all Connecticut residents would like to move out of the state over the next five years. Data gathered over the second quarter of 2016 found that many residents are dissatisfied with Connecticut’s lack of job opportunities, difficult business conditions and higher-than-average health insurance costs….
