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Amit : What are the new changes in Michigan auto insurance. Would it make any difference in online auto insurance quotes for this state when one tries to get low auto insurance rates?

Response : Just recently as on the 17th December 2009, The House passed a portion of a bill package focused which according to the insurance industry will have disastrous consequences on auto insurance costs and the stability of the insurance market, including a prohibition on credit-based insurance scoring.

Now let me explain this to you in more details. As per the bill, the insurance companies will not be permitted to have a credit based rating. This would be an advantage for the customer since now they can go for online auto insurance quotes without anything to worry about and get multiple quotes since their credit score is not at all affected. Now to be very honest it is a myth that your credit score is affected and please see my post on credit rating and online auto insurance.

The insurance companies are not happy with this since now they will not be able to use the credit based rating system. As per the insurance companies the credit based rating helped them in giving low auto insurance to the clients. Credit-based insurance scoring has been shown to benefit consumers because it allows them to secure lower insurance costs. In Michigan, credit-based insurance scoring is used only to provide discounts for insurance customers. Credit-based insurance scores are not used in Michigan to apply a surcharge or to determine whether a person can be insured by the company. And despite the economy, credit scores are staying stable.

Auto and homeowner insurers doing business in Michigan have formed a coalition, Protecting Michigan’s Future, to defeat this misguided, anti-consumer legislation; promote comprehensive, cost-saving reform solutions; provide information to policymakers for making sound public policy decisions; and set the record straight on insurance practices.

My own recommondation to you is to go for online auto insurance quotes, you will get low car insurance rates for sure and find what suits you best with the online quotes without having to worry about any privacy information since this is free and the insurance companies should abide to the privacy acts.

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Jason Potash : Everyone talks about online auto insurance quotes to get low car insurance rates? Will this really work in 2010- or is it advisable?

Response : Getting online auto insurance quote is a really tricky decision to make but it is not a matter of real worry, once few things are kept in mind, you can easily seek an online auto insurance quote. Let me tell you that you can do it since you have only one goal or focus in mind getting a low car insurance rates. If you go to an agent he is thinking of getting you the best car insurance coverage but still focusing on his own best commission rate. This is natural since this is his bread and butter. We are lead by our preferences in all our quests, insurance is no exception; we also go to find some insurance quote by keeping in view our preferences, top of the list if “low cost.” Yes, it is good to avail low-cost services; however, most of the times, such low cost ventures cost you double. There are certain very crucial factors that must be kept in mind while going into a contract with any insurance company. Reliability is the key to success; your insurance must be there to support your needs when you are in real need. Fortunately all the insurance companies are regulated by the State insurance department, need to be licensed and so they have to follow the State insurance norms and guideliness for operations and so all the insurance companies which are operating in your State are well monitored. They are reliable. This is unfortunately one of the limitation for an agent who is either a representative of one insurance company and hence sells only products of this particular insurance company or certain companies only and thus the comparision of the insurance companies is made a big story and deal by them.
Online business are also regulated by the FTC which is has brought in new regulations for all affiliates for disclosure in 2010. This is a governed market even by FTC and google, thus the consumer has nothing to fear online except the hackers.

When you go for online auto insurance quotes, you will get to compare auto insurance from mostly all the insurance companies of your State at one go. This will give you a chance to get the best car insurance coverage and you will not have to waste your time again and again.

Enjoy the holiday season and get low car insurance rates with online auto insurance quotes.
Kamlesh

It would be

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