A Great Way To Save Money On Your Auto Insurance! As Featured On EzineArticles
Compare Auto Insurance
Compare Auto Insurance Rates In Your Area...
Save upto $397-$597 on your auto insurance.
Enter your zip code below and click Submit
Insurance:
Zip Code:

Archive for January, 2010

Stephen Pierce : Massachusetts : I live in Massachusetts and would like to know what is happening because of the deregulation of the auto insurance here? How would it affect the customers and get low auto insurance.

Response : Getting low auto insurance quotes would require you to review auto insurance coverage and shop online. Please see the low auto insurance quotes on compareautoinsurancequote411.com and review your quotes, since I am sure you will find a really good deal and low auto insurance quote.

“The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the state’s attorney general.

The report, which comes roughly two years after the creation of managed competition, provides an accounting of how the market is operating, and includes a number of recommendations to improve consumers’ interests.

“When the Division of Insurance introduced the new deregulated auto insurance system nearly two years ago, they contended that this system would result in better rates for consumers,” said Attorney General Martha Coakley in a statement. “While the long-term results of this new system remain to be seen, our office is concerned that consumers may not, in fact, be getting the best rates and the protections they deserve.”

The report notes that most consumers haven’t shopped around for insurance — and therefore, not driving rates down — while are now increasing. Coakley’s office said it is particularly concerned companies are now rating customers on several new factors more closely linked to socio-economic status, rather than to consumers’ driving records.

Among the observations included in the reports:

•Many consumers whose rates decreased paid more than they should have after the market was deregulated. Had the regulatory rate-setting process occurred in 2008, rates would have been reduced for essentially all consumers, with average rate reductions much greater than those seen under deregulation.
•Once ‘managed competition’ began, insurers instantly began seeking higher profit. In 2008, the Division of Insurance accepted target returns in the insurer rate filings that were over 150 percent of the 2007 regulated value for some insurers..
•There is currently no easy way for consumers to determine what the market prices for insurance are, what each company will charge a particular individual, and what discounts and special coverage options are available. The website provided by the Division of Insurance does not solve these problems.
•Some consumers have not been offered all discounts to which they are entitled, have had difficulty obtaining quotes from agents, and have received different quotes from different agents for the same insurers.
•Most Massachusetts consumers purchase insurance through an independent agent, yet most agents typically cannot or do not provide price quotes for more than a couple of carriers.

Thegood news is that the report recommends several moves to help improve the auto insurance market for consumers. These included improved rate proposals, the creation of an insurance Web site to provide side-by-side quotes for all insurers, elimination of penalties for leaving an insurance company early, prohibition of the collection of personal information not needed for rating and the introduction of legislation to ban the use of credit score in insurance ratemaking.

Thus you will get the information first hand but need to shop and compare and review auto insurance coverage to get your much wanted low auto insurance quote.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • MySpace

Mark Ling : I like to compare auto insurance quotes online and do get good low auto insurance quotes. Are there any changes in the distracted driving regulations in USA for 2010.

Distracted driving and low auto insurance quotes :
Response : It is nice to know that you compare auto insurance quotes online and are able to obtain low auto insurance quotes. If you try here at compareautoinsurancequote411.com you will be able to get low auto insurance quotes. Yes, you are right about the new driving regulations in USA which will come into effect from Jan 1 2010. You should appreciate that the Insurance companies and the insurance institiute encourage and support the regulations since this will help in minimizing the claims.

Here are the latest news on distracted driving from the Insurance Institutute ” Illinois, Kansas, New Hampshire and Oregon will bring in the new year with new state laws aimed at cracking down on distracted driving, according to the Property Casualty Insurers Association of America (PCI).

Of the four states with stronger laws regarding cell phone use and texting that take effect Jan. 1, 2010, Oregon goes the farthest by banning the use of hand held devices and texting for all drivers. The new law in Oregon also prohibits people under age 18 from using any type of cell phone while driving.

Illinois is placing new restrictions on hand held devices and bans their use in construction and school zones.

Kansas is implementing a ban on all cell phone use and texting for young drivers who have learner’s permits and intermediate licenses.

New Hampshire is banning texting for all drivers.

“These four states are joining a growing number states and localities that are implementing or strengthening restrictions on cell phone use and texting,” said Robert Passmore, senior director of personal lines for PCI. “In 2009, 17 states implemented or strengthened cell phone and texting laws.”

The National Highway Traffic Safety Administration reports that nearly 6,000 people died in 2008 in crashes involving a distracted or inattentive driver, and more than half a million were injured. Research also shows that the worst offenders are the youngest and least experienced drivers: men and women under 20 years of age.

As per the Insurance Institute for Highway Safety, there are statewide bans on driving while talking on a hand-held cell phone seven states (California, Connecticut, New Jersey, New York, Oregon, Utah, and Washington) and the District of Columbia.

The use of all cell phones by novice drivers is restricted in 21 states and the District of Columbia.

Text messaging is banned for all drivers in 19 states and the District of Columbia. In addition, novice drivers are banned from texting in nine states (Delaware, Indiana, Kansas, Maine, Mississippi, Missouri, Nebraska, Texas, and West Virginia)

You will agree with me that these regulations will go a long way in reducing auto accidents and hence would give you low auto insurance rates.
Happy 2010.
Kamlesh

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • MySpace