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

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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

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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

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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

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2011 Collision Cost Booklets from NHTSA Now Available

The result, according to NHTSA, is that β€œit 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

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