The Delaware Department of Insurance will no longer approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the change in his or her …
Your driving record seems a legitimate risk for insurers to consider when they price auto insurance. But your marital status? Yes, young men in red sports cars will pay more for coverage than everyone else, but it’s hard to see …
Auto insurance rates that fell sharply after deregulation in Massachusetts are climbing again. The Boston Globe reports that five years after the state began to allow insurers to set their own rates, the average premium was about the same as …
Lieutenant Governor and Department of Insurance Director Mary Taylor says Ohio’s average auto and homeowners insurance rates remain among the lowest in the country despite recent increases. In 2013, the average rate for the top 10 private passenger auto and …
Geico is reducing auto insurance rates in Pennsylvania for businesses with commercial company vehicles. Small business owners can obtain a commercial auto quote and purchase a policy through Geico by going to www.geico.com/getaquote/commercial. Source: Geico
Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, according to figures compiled from Perr&Knight’s RateWatch. The 2013 increase is in line with a five year trend of annual average rate increases between …
State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers. The company announced Friday that the increases will average 3.4 percent, starting Feb. 17. Going up will be premiums …
Affordability of automobile insurance improved during the previous decade for both middle- and low-income consumers in the United States, according to a new study from the Insurance Research Council (IRC), a division of the American Institute For Chartered Property Casualty …
Ohioans saw increases in their homeowners and auto insurance rates last year, though they’re still getting a bargain. Ohio’s Department of Insurance recently released the 2012 average rates for homeowners and auto insurance. The state’s top 10 auto insurers raised …
The government’s plan to target a 15 permanent rate reduction will only work if appropriate reforms consistent with the scope of reductions are in place, says Insurance Bureau of Canada (IBC). “We understand why the Finance Minister is concerned about …