Car insurance rates have changed considerably during the pandemic. It has made many drivers uncomfortable with their current car insurance company, causing them to switch insurers for a better price. One company, CarInsurance, reported that from 2020 to 2023, so far, the average cost of car insurance premiums had increased by 14 percent. In the…
Family Finances: Reshopping Auto Insurance in a High-Inflation World
By David Rodeck From Kiplinger’s Personal Finance The auto insurance market, like the rest of the economy, is dealing with the aftermath of a global pandemic and soaring inflation. “Insurers went from record profits in 2020 to record unprofitability,” says Adam Pichon, general manager of auto insurance at LexisNexis, a data analytics firm. “Many insurers…
Alberta’s Auto Insurance Among Highest in Canada: Report
While Alberta may offer good value when it comes to buying a house, the same can’t be said when it comes to paying for auto insurance, according to a report conducted by international accounting firm Ernst & Young. Commissioned by the Insurance Corporation of British Columbia (ICBC) and released on Dec. 8, the report found…
UK Insurers Want Right to Collect Accident Data Before They Agree to Provide Cover for Driverless Cars
November 16, 2022
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A committee of MPs, which has been hearing evidence from experts on autonomous vehicles, has been told by a senior figure in the insurance industry they would need to be given the right to collect “collision data” from driverless cars before they were prepared to insure them on Britain’s roads. The committee was also told…
6 Key Tips to Find the Best Auto Insurance
May 10, 2022
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Whether looking to buy auto insurance for the first time or to get a better deal on a policy, you need to know what to look for. Having the right kind of coverage and adequate coverage can protect you from financial risks if you are ever in an accident. The following tips will help you…
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