Jul 31, 10:43 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Angelo Young @angeloyoung_ 08/11/14 AT 4:00 PM They say nothing's certain except death and taxes, but car owners would certainly add auto insurance to that list. Insurance premiums are the second-most-costly part of vehicle ownership in the U.S., well ahead of general repair and maintenance. And if you’re an urban-area car owner who uses public transport more than your car, then you can be spending more on premiums than on gas.But according to the latest data on car insurance premiums, the average annual cost has actually declined from previous levels, according to data from the National Association of Insurance Commissioners analyzed by Bankrate.com, a consumer financial services company. Each year, the NAIC takes data from insurers and states and compiles a five-year running average of annual premium costs. This year’s data is the average … [Read more...] about Car Insurance Premiums 2014: Which State Has The Highest Rates?
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Man Legally Becomes ‘Woman’ To Score Cheaper Car Insurance Deal
Jul 31, 10:23 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Pritha Paul @ZiggyZina143 07/31/18 AT 9:15 AM A Canadian man decided to change his gender from male to female in order to score a cheaper car insurance.David (last name withheld), 24, of Alberta called an insurance company last year to get a quote on a new Chevrolet Cruze he planned on buying. That is when he learned he will be charged $4,517 as opposed to $3,423 if he was a woman.“I was pretty angry about that. And I didn’t feel like getting screwed over any more,” he told the Canadian Broadcasting Company. “So I asked them to change my gender on my auto policy, and [a rep] was like, ‘We can’t do that.'”However, quickly enough the man discovered a loophole in the system that would let him avail the lesser cost when it came to the car insurance. All he needed to do was change the gender on his government-issued documents … [Read more...] about Man Legally Becomes ‘Woman’ To Score Cheaper Car Insurance Deal
World’s First Driverless Car Insurance Policy Launched In The UK
Jul 31, 10:43 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By David Gilbert @daithaigilbert 06/08/16 AT 7:04 AM We may still be years away from seeing a fully autonomous car for sale to the general public, but many drivers already have a huge amount of technology in their cars, taking control of the vehicle at various points — which is why an insurance company in the U.K. has launched what it believes to be the first driverless car policy in the world.The policy has been launched by Adrian Flux and will cover drivers who are already using autonomous features in their cars, such as self-parking and Tesla's Autopilot, which takes control of the car when driving on a highway. “We understand this driverless policy to be the first of its kind in the U.K. – and possibly the world,” Gerry Bucke, general manager of Adrian Flux, told the Guardian. “More than half of new cars sold last … [Read more...] about World’s First Driverless Car Insurance Policy Launched In The UK
How much privacy are drivers willing to give up for better car insurance rates?
Insurance giant Allstate has raised eyebrows after being granted patents for a proposed high-tech surveillance system that could track a driver’s every move. The company won patents for technology that, through the use of cameras and sensors, could monitor whether a driver is speeding, peeling rubber or turning without signaling. Sensors could even record a driver’s heart rate and blood pressure and gather information about passengers.Not only could Allstate use that data to set insurance rates and analyze driver behavior, the company could be free to sell it to third parties such as life and health insurance companies, potential employers, credit rating agencies and advertisers.As with other types of data companies collect from consumers, drivers are unlikely to know what’s done with it, how it’s stored, and who winds up with the information for what purpose. And though Allstate’s new technology would require consent for those willing to give up such … [Read more...] about How much privacy are drivers willing to give up for better car insurance rates?
BBC’s Lauren Laverne fuming as mum’s car insurance rockets by £200 when dad died because she’s now ‘single’
LAUREN Laverne has hit out at car insurance firms after her mum was told after the death of her husband that she would now have to pay £200 more a year. The radio and TV presenter's dad Dr Leslie Grofton died last month and as a result her mother's car policy increased as she is now deemed "single" by an insurance firm. She vented her frustration about the incident on Twitter. Laverne, who will soon take over as host of Radio 4's Desert Island Discs, told her followers: "Mam called her car insurance people to say Dad had died, and they put her premium up by £200 a year because she is 'single' (and presumably a girl racer??) Merry Christmas!" Among those who reacted to the tweet was TV cook Nigella Lawson. Lawson wrote: "I’m so sorry for your loss. A platitude, but deeply meant. These people!" And others shared similar experiences. One wrote: "My condolences. "When I called to cancel my parents holiday (after dad suddenly died) the person asked why my mum … [Read more...] about BBC’s Lauren Laverne fuming as mum’s car insurance rockets by £200 when dad died because she’s now ‘single’
