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Tag Archives: auto insurance
Autonomous Vehicles to Cut Auto Insurance Biz 71% By 2050
Autonomous vehicle and related driver assist technologies could upset the auto insurance market by 71%, roughly $137 billion by 2050, according to the latest research by KMPG. Continue reading
Rising Auto Insurance Rates have People Shopping, but Not Necessarily Switching
Increases in Auto Insurance rates by an average of 2.1% nationwide in 2014, following an increase of 2.5% in 2013 have many customers shopping for a new insurer, but few are actually switching insurers. Continue reading
Posted in customer satisfaction, insurance
Tagged auto insurance, autoinformed, autoinformed.com, Ken Zino
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Telematics are ‘Driving’ Growth in Usage Based Insurance
So called OBD-II based telematics – aka onboard diagnostics – are rudimentary and controversial but they have the potential to reshape the auto insurance market to reward good or infrequent low-risk drivers while charging other, more risk exposed users to higher fees Continue reading
Posted in insurance, news analysis
Tagged auto insurance, autoinformed, autoinformed.com, Ken Zino, telematics
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Ford, State Farm Offer Auto Insurance Based on Miles Driven
Ford Motor Company and State Farm Insurance have announced that drivers who allow their Sync equipped vehicle to report actual in use mileage could have their auto insurance premiums reduced by as much as 40%. Continue reading
Posted in auto news, insurance, marketing
Tagged auto informed, auto insurance, autoinformed.com, automotive news, Drive Safe & Save, ford sync, Ken Zino, state farm
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2011 Collision Cost Booklets from NHTSA Now Available
The result, according to NHTSA, is that “it is unlikely that your total premium will vary more than 10% depending upon the collision loss experience of a particular vehicle,” which begs the question if this mandated government exercise is worth the walk? Continue reading