Perks of Marriage: Cheap Auto Insurance
There are many financial perks of marriage — lower taxes, access to employer benefits, better health insurance rates, and lower auto insurance premiums too. Most companies offer some type of discount for married drivers, although some companies may also offer cheap insurance for people who live together. States like California, Washington, Oregon and Illinois recognize “domestic partnerships” with discounts of up to 15 percent for drivers, according to Fox News. How Do Married Couples Save On Insurance? Multi-Car Discount – Typically, you’ll save significant money by switching to the same policy and signing up multiple cars with a carrier. Multi-Line Discount…
Telematics Auto Insurance: What Does This New Technology Mean For The Future?
In George Orwell’s 1984, all daily activities were overseen by a seemingly omnipotent being known as “Big Brother.” Telematics auto insurance seems like one step closer to “Big Brother” watching over us. Yet, on the other hand, telematics may also be the key to reducing the number of car crashes and also reducing our auto insurance premiums. What Is Telematics? Telematics involves satellites tracking a person’s driving habits — including the miles driven, the amount of time spent behind the wheel, as well as braking and acceleration patterns — to calculate a safe driving score. The score is then used to…
News: Auto Insurance Companies Raise Rates In Illinois
Allstate Corp. plans to raise car insurance rates for Illinois drivers by 3 to 5 percent, according to company filings with the Illinois Department of Insurance. New rates will go into effect May 17th. According to the company, this decision reverses the “hometown discount” advertised since 2009. They added that the size of the increase will depend upon how long a customer has been with the insurance company. This decision comes after Allstate posted its largest profit gain since 2007. Why Raise Rates? Allstate has been struggling to keep pace with the lower-priced competition lately. This last price hike is their attempt to gain…
Oklahoma Auto Insurance Tune-Up
The Oklahoma DMV says there is minimum mandatory auto insurance everyone is expected to carry in this state. However, as one Tulsa driver found out — the bare minimum is not always enough. “Alberto” told Channel 2 News that he signed up for a cheap “name your own price” policy — only to find that he had to pay off an auto loan and the expense of towing for a car that was too smashed-up to drive. To avoid this fate, take a moment to consider what type of coverage you actually have. Minimum Auto Insurance Coverage In Oklahoma By…