Tag Archives: auto insurance

OFIR Warns Michigan Drivers About Fake Auto Insurance

The Office of Financial and Insurance Regulation (OFIR) is warning Michigan drivers about the potential that they may have purchased a fraudulent auto insurance policy. An investigation revealed another situation where someone was intentionally selling fake car insurance to unsuspecting drivers. If you live in Michigan, you might want to go check your auto insurance policy to make sure its is real. Every state requires that drivers purchase auto insurance. People tend to look around for a policy that isn’t expensive, yet covers what it is supposed to cover. It is a good idea to do some “homework” and make … Continue reading →

Five Ways to Get the Best Insurance Rates

Even in the worst of times, it usually does not make sense to cut back on insurance. You never know when a disaster might hit. Being properly insured can save you from disaster. When money is tight, it is better to reduce the cost of insurance rather than eliminate it. Try the following five ways to get the best insurance rates and reduce your cost. 1. Buy all of your policies in the same place Most insurers will give you discounts when you buy multiple policies with them and may even offer bundled plans. Start by insuring your cars and … Continue reading →

Summer Road Trip Auto Safety Check

This weekend will be the busy three-day last hurrah of summer and many of us plan to hit the road. With each season there are different risks drivers face while traveling. In the summer it’s easy to delay routine maintenance. Preventative maintenance is a summer driving must! Depending on how good you are about the routine maintains before you leave on vacation be sure to have things done. Anything from overheated cooling systems, tire problems and burned transmissions can leave vacationers stranded or create a safety risk. Be sure to have the oil changed and check for other potential problems … Continue reading →

Safeco Launches Teensurance™

In an announcement released June 5th 2007 Safeco (NYSE: SAF) reported some details of a completely new product launch with Teensurance™ powered by Safeco®. Teensurance is a technology based product designed to offer parents a method of having a different kind of conversation with teen drivers. The new will be available to customers across the nation starting June 27, 2007. Teensurance uses a Global Positioning Sattilite (GPS) device The Safeco Safety Beacon™ integrated with online tools to help reinforce good driving habits. Teensurance offers parents tangible assurance regarding their young drivers behavior by offering parents real-time information and notifications. Safeco … Continue reading →

Interesting News About Auto Thefts, Are You Driving a Target?

An Associated Press report released on March 21, 2007 brought up some interested issues about the increasing number of U.S. autos being stolen in Canada, especially in Montreal where a large number of New Englanders drive over for fun in the big city. Apparently the Canadian officials believe the increase theft of U.S. cars may be due to the recent insurance standards Canada has established about Auto Anti-Theft devices. The Canadian Auto Theft Deterrent Standard was created following extensive research all over the world. The research indicated the most effective anti-theft deterrent system for automobiles are electronic immobilizers. With the … Continue reading →

Planning a Family Vacation? Steps to take before Renting A Car

Spring break is here and summer is just around the corner! Many families will head out the door for a well planned vacation which may include Renting a Car. Many vacationers may not even think about the insurance for a car rental until they’re at the rental counter, and this can lead to an expensive mistake. Insurance needs should never be a quick decision and one of the most common places consumers make poor choices are at the end of a long line at the rental car counter. Many consumers panic when asked, “Would you like to buy or decline … Continue reading →

Personal Injury Protection (PIP)

Personal Injury Protection Also known as “PIP”, is a special form of “no fault” insurance that covers the cost of injuries to you, your family, and your passengers. PIP pays for medical expenses and loss of income caused by an auto accident regardless of which driver is at fault. PIP covers the medical and lost income costs those who were injured in your car. No Fault Personal Injury Protection can add to the basic auto insurance medical payments coverage because it often includes broader and more covered expenses. PIP may cover the cost of: Medical expenses Emergency Rescue Emergency Transportation … Continue reading →

Ask Anna: Pennsylvania Auto Accident and Injury Claim

Question: Left as a comment on the Ask Anna Blog. Dear Anna, Perhaps you my know, or can direct me to where I can find out, but…..,we live in Pennsylvania with no-fault auto/motorcycle insurance laws and were involved in a motorcycle/automobile accident where the other driver was at fault. Because we assumed that we could sue for pain and suffering and damages under the full tort option we paid for, we felt secure. As it turns out in Pennsylvania, per our attorney, we are being told that we “cannot” sue because: 1) It would cost us way more than we … Continue reading →

No-Fault Auto Insurance: Pros and Cons

In a pure no-fault auto insurance system the insurance company pays for the economic damages, up to the policy limit, of the insured. Pure no-fault systems will not allow any kind of law suite against the negligent driver for “non-economic” damages including pain and suffering, loss of companionship. Right now there are no states that use a pure no-fault system. All of the no-fault auto insurance states are actually using a modified no-fault system. Insurance companies pay the economic damages up to the policy limit, but there are still opportunities to sue for non-economic damages when the damages exceed the … Continue reading →

No-Fault Auto Insurance: The Basics

In the majority of states, personal auto insurance operates under the standard fault-based system. Auto insurance pays claims based on each driver’s percentage of fault for each motor vehicle accident. Adjusters decide which driver holds the greatest degree of fault and claims are paid based on the percentage of fault each driver may share for the accident loss. This system can lead to long and expensive court battles with judges deciding which driver is at fault in many auto accident claims. An effort to eliminate these costly court cases has lead to many states creating an alternative and using a … Continue reading →