Giveaways, Charity Part of Holiday Cheer from Car Insurance Companies

Posted on November 28, 2013

Christmas presentsThanksgiving’s end settles all arguments about whether or not we’re in the holiday season.

The turkey’s carved and eaten. The Cowboys, Steelers and Lions are all done playing. That mom chatting everyone up in the Wal-Mart line is now elbowing you in the temple for a PS4.

Yes, it’s definitely those happy holidays again.

Even car insurers know it, and are joining in on the holiday spirit with giveaways, donations and cheery charity that’ll warm any heart.

Progressive Gifts Mother with Car and Free Coverage

One Kentucky mother unwrapped a sweet holiday surprise this week after Progressive pulled the cover off of a recycled 2012 Hyundai Elantra.

After two months of getting its crash damage fixed on at Oxmoor Auto Collision Center, the vehicle went to Stephanie Sinkfield and her 10-year-old daughter.

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Researchers Say Insurers Don’t Need GPS to Find Out Where You Drive in Tracking Programs

Posted on September 23, 2013

The largest auto insurance companies are racing to offer driver-tracking discount programs in a high-stakes effort to lure new policyholders and retain existing ones. These programs, such as Progressive’s Snapshot or Allstate’s Drivewise, require installing tracking devices into the vehicles of policyholders. The trackers monitor driving habits, including speed and distance driven, along with turning and stopping habits.

The upside for safe drivers is the companies offer discounts for good road behavior. Most recently, Allstate boasted average savings of 14% for policyholders that participated in Drivewise. Meanwhile, in 2012, Progressive announced it was able to draw conclusions about drivers’ habits that could save the company money as it alters actuarial practices to reflect the new data.

Privacy has always been a concern with these programs, even though most of insurers stress that they don’t collect GPS data. Here’s what Progressive’s Snapshot FAQ says on the matter:

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Top Auto Insurers Laugh It Up with Advertisement Campaigns

Posted on June 21, 2013

GEICO gecko In a case study released two years ago, J.D. Power and Associates explored a question — when did personal auto insurance become a laughing matter? — and found the answer in an arena of quirky oddballs: an apron-adorned, wide-eyed woman named Flo; a tuxedoed man called Mayhem with near-guaranteed misfortunes; and an Australian-accented gecko who can count cavemen as his compatriots.

What’s changed in those two years? Nothing, except that arena’s gotten bigger.

Online Auto Insurance (OAI) takes a snapshot of major insurers in its latest study, breaking down everything from how each insurer’s market share has grown or shrunk to advertising expenditures over recent years.

And don’t forget to come ringside to watch the fight for your auto insurance policy in this OAI infographic.

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Michigan Attorneys Publish Insurer Guide

Posted on March 18, 2013

Looking for a Michigan auto insurer that will do right by you after you’re involved in a serious accident? Well a group of Michigan attorneys called Michigan Auto Law has just published an online guide that may be just the thing you’re looking for.

The attorney group has put together rankings for major insurers in the state based on information from state regulators, company-specific customer-satisfaction surveys, and their own experience representing clients in court.

The guide is not definitive, but it does provide advice from professionals who have had a lot of experience dealing with insurance companies, which could be useful for consumers looking to learn more about a particular coverage provider.

“For nearly 20 years, I have sued almost every insurance company in America,” attorney Steven Gursten says in the guide. “I am an insurance attorney who has spent his entire career helping people who have been seriously injured in automobile accidents.”

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The Cost of Lying to Your Insurer

Posted on January 7, 2013

Truth and lie signWhile saving money on your auto insurance premiums by bending the truth may be tempting, consider what happened when a New Jersey woman was recently caught lying to her insurer:

According to the Hillsborough Patch, she pleaded guilty to insurance fraud for lying on her applications for coverage, which she had done for the past 13 years. Apparently, the woman stated that she was unmarried and was the only registered driver living in her household. In reality, however, she was married and lived with her husband, who did not qualify for insurance under the company’s guidelines because of his driving record.

The woman agreed to make restitution to the insurer and was ordered by the court to perform 50 hours of community service and placed on non-custodial probation. She could be ordered to pay back the more than $4,200 that her insurer paid out on a claim made in 2010 and could have to pay $39,000 in restitution for the discounted premiums she received by providing false information.

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