auto insurance News

NHTSA Finalizes Updates to 5-Star Safety Ratings Program

The National Highway Traffic Safety Administration this week finalized updates to its 5-Star Safety Ratings program, an action the agency’s will improve safety by incorporating new advanced driver assistance technologies, adding a crashworthiness pedestrian protection program and creating a roadmap …

US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says

The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U.S. roadways have grown more deadly …

Shopping for Homeowners and Auto Insurance Rose in 3Q, Report Shows

Auto and property insurance shopping rose markedly in the third quarter of 2024, pushing carrier switches up 38% compared with last year, according to a report from TransUnion. Homeowners insurance shopping rose 19% and auto insurance shopping rose 16% respectively, …

Porsche Auto Insurance Launches New Unlimited Policy

Porsche Auto Insurance launched a new unlimited policy for owners of Porsche automobiles who drive more than 10,000 miles per year. The product is indended to complement to the original pay-per-mile policy offered by Porsche Auto Insurance by providing customers …

New Hampshire High Court Invalidates Geico Underinsured Claim Provision

A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds’ right to obtain the same benefits they would have received if …

Fake Bear Attacks on Car for Fraudulent Insurance Claims Lead to Arrests

Four Los Angeles area residents were arrested after a California Department of Insurance investigation reportedly found the suspects allegedly committed insurance fraud by claiming a bear had caused damage to their vehicles. It turns out it was a person in …

Mitchell: Growing Parity in Loss Outcomes Between BEVs and ICEs

Claims from collisions involving battery electric and internal combustion engines rose compared with last year while claims frequencies also rose, according to a new report that also shows a growing parity in loss outcomes of collisions involving battery electric vehicles …

J.D. Power: Auto Insurance Repair Cycle Times Improve, but Price Increases Take a Toll

Auto insurers have been fighting rising costs and longer repair cycle times since the pandemic, but some relief is in sight for one of those trends. The J.D. Power 2024 U.S. Auto Claims Satisfaction Study released this week shows that …

Survey Finds Consumers See Link Between Attorney-Repped Claims and Higher Auto Insurance Costs

Drive along any stretch of highway and you’ll see widespread advertising by billboard attorneys encouraging consumers to hire a lawyer to settle an auto accident claim. But this leads to higher costs of auto insurance across the U.S., according to …

Report: Blue, Red and Swing States Also Differ on Home and Auto Insurance

There’s not only a broadening divide between the ideologies of Democrats and Republicans, but there seems to be quite a difference in how much they spend on insurance premiums. Red, blue and swing states differ when it comes to annual …