CAMBRIDGE, Mass.--( BUSINESS WIRE )--Insurify, America’s leading car insurance comparison platform, has released its second annual Insuring the American Driver report, revealing a 12% increase in car insurance costs in 2021 compared to 2020. The average American driver is now paying $1,633 a year for coverage—a price the report projects will rise 5% to just over $1,700 in 2022. Insurify’s research team analyzed over 40 million car insurance quotes across the United States to detail recent trends in auto insurance and driving behavior and to examine how COVID-19 continues to affect each of these areas. As part of its analysis, the report explores current rates of reckless and aggressive...
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Traffic flows along I-90/94 northbound in Chicago on April 6, 2022. State Farm, Allstate and Progressive — the three largest auto insurers in Illinois — have all filed for rate increases this year, following the industrywide rate cuts and rebates that proliferated during the pandemic, where reduced driving lowered costs. (Jose M. Osorio / Chicago Tribune) As gas prices plateau near record highs, auto insurance rates keep creeping up in Illinois. State Farm recently filed for a 3% rate increase with the state’s Department of Insurance, set to take effect on June 13. Combined with a 4.7% increase that hit in March, State Farm customers will pay about $59 more per year to insure each vehicle...
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How Inflation Can Affect Car Insurance Rate The effects of inflation facing companies and consumers alike may also cause your car insurance rates to rise when it is time to renew your policy. Like many other financial obligations, car insurance is an expense that’s facing pressure due to disruptions caused by the pandemic and its economic effects. According to industry and media reports, insurers may hike premiums from 6 percent to upward of 10 percent this year. Understanding what is fueling price increases may help you find ways to save. Here are the reasons rates are increasing and the steps you can take to keep costs as low as possible. Why are auto insurance rates increasing? The...
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LOS ANGELES (PRWEB) September 23, 2020 has launched a new blog post that presents professional tips that can be used by drivers who seek cheap car insurance for seniors. After the age of 70, drivers begin to be considered high-risk. The statistical data presented by the Insurance Institute for Highway Safety (IIHS) shows an increase of accident frequency for elderly drivers. As a result, insurers place seniors in the high-risk category. Drivers who seek better coverage should follow the next tips: Apply for a low-mileage discount. Retired people who do not have to commute to work drive less than the average driver. They should apply for low mileage discounts that will drastically reduce the...
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LOS ANGELES (PRWEB) September 24, 2020 has launched a new blog post that presents several tips that can help teen drivers pay lower car insurance rates. Anyone knows that teen drivers have to pay some of the most expensive car insurance premiums. Car insurance companies justify these high prices by providing statistics that show teen drivers are more likely to cause car accidents Teen drivers that want to save money on car insurance should follow the next tips: Acquire a good driving experience. The first six months of driving are very important for teens that want to pay less on their insurance. Insurance companies will lower the insurance rates of teen drivers that manage to keep their...
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Car insurance quotes can provide multiple benefits to drivers who know how to use them. In order to ensure that they still pay competitive car insurance rates, drivers are advised to check the insurance market every 6 months and to compare multiple quotes from different insurance providers. The most common reasons why drivers should use car insurance quotes are the following: Save money. This is the main reason why anyone should get quotes. Comparing car insurance quotes can help drivers save money. After obtaining several quotes from different insurance providers, policyholders can compare them and then decide between remaining with their current insurers or going to other providers who...
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Top Five Reasons To Use Car Insurance Quotes Car insurance quotes can provide multiple benefits to drivers who know how to use them. In order to ensure that they still pay competitive car insurance rates, drivers are advised to check the insurance market every 6 months and to compare multiple quotes from different insurance providers. The most common reasons why drivers should use car insurance quotes are the following: Save money. This is the main reason why anyone should get quotes. Comparing car insurance quotes can help drivers save money. After obtaining several quotes from different insurance providers, policyholders can compare them and then decide between remaining with their...
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LOS ANGELES (PRWEB) July 24, 2020 Everyone wants to pay lower car insurance premiums. However, in recent years, the insurance costs have been on the rise and the tendency is expected to continue throughout the entire 2020 To lower the costs of car insurance, drivers should follow the next tips: Drivers should consider increasing deductibles. To obtain cheaper car insurance, drivers can agree to pay more money from their budget If they have to make a claim. Policyholders should put away the money necessary for filing a claim. Consider driving fewer miles. If a policyholder doesn’t drive his car too often, he might be eligible for a low mileage discount that typically ranges from 15% to 20%....
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Budget insurance company South Africa The budget car insurance company was established in 1998. This company’s motive is to provide less premium and less budget for short-term insurance basics. Budget insurance company is also among Telesure group in South Africa which comprises of; A.A insurance, Auto and General insurance, unity insurance, dial-direct insurance, ibuy eco insurance, first for woman, virseker insurance, 1life insurance, virgin money insurance, and prosper insurance. According to their website, Budget insurance is a licensed financial service provider. Apart from being part of Telesure group, they are also part of international groups like budget holdings limited in...
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LOS ANGELES (PRWEB) May 23, 2020 has launched a new blog post that presents several tips that can help drivers pay less on their car insurance rates. For many drivers, paying the monthly car insurance bill can be quite difficult. More and more drivers are wondering if they can save some of the money they spend on insurance. Luckily, there are some easy methods drivers can take to lower their premiums and ensure they're getting the best insurance rate. With a bit of ingenuity and an understanding of the insurance market, drivers can reduce their car insurance costs and get great coverage without breaking the bank. To get cheaper car insurance, follow the next tips: Regularly shop for car...
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