Category Archives: car insurance news

5 Ways To Lower Your Homeowner’s Insurance Premiums

For homeowners, having insurance is a must. Even if you have paid off your mortgage, no one is willing to leave their largest single investment unprotected. Still, those monthly payments can become a bit burdensome. Here are five ways that you can save money on those premiums after a small initial investment.

  • Install a security system that is monitored by an outside firm.
  • Adding smoke alarms can shave as much as 10% off your premium.
  • Look for a multi-policy discount.
  • Eliminate costly recreation items. Pools and trampolines both add quite a bit to your premium.
  • Shop around and compare policies on a yearly basis.

Short of paying off your mortgage and raising your deductible, these are probably the easiest ways to lower your monthly homeowner’s insurance premiums.

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Insurance Industry Is Healthy and Competitive

  Contrary to results released last week by the Consumers Federation of America, the Insurance Information Institute (III) this week found that healthy competition between insurers is making insurance more affordable for all. Last week’s results leveled charges against top insurers like Geico and Progressive that lower-income customers were being discriminated against through “backdoor” screening…Continue Reading

Women Park Better Than Men?

…in the UK, at least… According to a month-long study done by the United Kingdom parking lot company National Car Parks, British babes are better parkers than are British blokes. Using a tool it calls the “parking coefficient,” NCP secretly measured the techniques, accuracy, speed and ability to find a parking spot of 2,500 drivers.…Continue Reading

Whiplash Claims Whipping Auto Insurance Costs Up in the UK

  Rising whiplash injury claims are the primary reason that auto insurance premiums have increased in the UK, according to a report presented by the House of Commons Transport Committee. The committee said that rising insurance costs are injurious to everyone. Louise Ellman, the committee’s chairman, said the trouble with whiplash injuries is that it…Continue Reading

Allstate Abandoning Homeowners In North Carolina

Homeowners in North Carolina who have their homeowners insurance through Allstate have begun getting letters in the mail notifying them that they may soon lose their coverage, if they do not buy their auto insurance from the company, also. The letters from Allstate give homeowners until December 15th to switch their auto policies. The company…Continue Reading

New Report: Policyholders Much Happier When Vehicle is Repairable, Not Totaled

According to J.D. Power and Associates, insurance claimants who are involved in a total loss claim are far less satisfied than those involved in a repairable claim. An average of 42 points less satisfied when J.D’s scale was applied. The main issue was a lack of satisfaction with the cash settlement for total loss claims.…Continue Reading

American Mileage Down But Premiums Higher

What? Haven’t insurance companies always told us that driving less would lower our premiums? According to the Insurance Information Institute (III), companies raised their rates an average of 10% between 2008 and 2010, and are planning to raise them another 4% in 2011. So, why the rate hikes? Insurance representatives point to the rising costs…Continue Reading