Posts Tagged ‘auto insurance news’

Is The Cost of Auto Insurance Advertising Driving Up Your Premium?

Thursday, July 5th, 2012

What is it costing your auto insurance provider to advertise each year? SNL Financial set to find out. Geico Corp is the King of auto insurance advertising, data shows, with annual spending of close to $1 billion! This number is up 10 percent from spending in 2010, which shows that insurers are becoming increasingly more competitive for your dollars.

What Are Other Auto Insurers Spending?

State Farm Mutual Automobile Insurance Co. — the largest home and auto insurer in the U.S. — took second place in the advertising war. Geico spent 22 percent more than State Farm last year, but State Farm increased their ad spending by 29 percent — three times’ the rate of Geico’s ad spending increase. Allstate Corp was the third biggest spender at $745.3 million in 2011.

Do Auto Insurance Companies Have To Spend So Much?

Allstate Corp has felt the pain of cutting back during the recession. An internal presentation indicated they had been losing ground with consumer awareness due to reduced TV ad spending in the previous year. They also lost 30 percent of their typical call center volume due to reduced direct-mail solicitations. So, it’s no surprise they ramped up their efforts last year to keep pace with the big dogs.

Does Increased Auto Insurance Advertising Affect Premiums?

Insurance companies are in the business to make money, so you can be sure they are charging you more than enough to cover any accidents and fund their companies’ growth. Research indicates that there has not been a major churn in the industry, despite increased spending. Progressive and Geico are growing, but most insurers aren’t able to grab major market share. On the bright side, 25 percent of auto insurance customers shopped for a new policy last year — and 43 percent of them did end up switching providers. This is the highest switch rate since 2008.

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Why not shop around for a deal on your auto insurance here & now?

Tips To Avoid Auto Insurance Rate Increases

Tuesday, June 12th, 2012

Are you paying too much for auto insurance? Your rate can go up suddenly and without warning. Sometimes simple errors can cause you to overpay for basic coverage. Here are a few tips to avoid these unscrupulous auto insurance rate hikes and protect yourself, as a consumer.

Did You Get A Ticket?

Tickets are one of the main causes for auto insurance rate hikes because insurers take this as a sign that you’re driving erratically and dangerously, thus making you more of a liability. You won’t get penalized for a parking ticket, but moving violations for running lights, speeding and reckless driving will take your insurance rates way up for a good three years.

Did You Buy A New Car?

When you’re car shopping, you may be focused on finding the best color or the car with the most cargo space. However, you should also consider how the auto insurance company will look at your purchase. Cars with expensive foreign parts will be more expensive to insure because their repair costs will be higher, should you get into an accident. Also, cars that are frequently stolen will cost more. Conversely, safety ratings and features can bring the cost of insurance down.

When Was The Last Time You Shopped For Auto Insurance?

You should take a few minutes each year to shop around for better auto insurance rates. People who take the time to review their policies always end up paying less. With websites like Promiga.com, it’s easier than ever to get a quick, free online auto insurance quote!

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Take a moment & shop for free auto insurance quotes on our site!

News: Auto Insurance Companies Raise Rates In Illinois

Wednesday, May 9th, 2012

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 more ground. Company spokespeople say they’ve set aside more than enough money for accident claims, which has led to bigger profits than previous years. Similarly, Geico is raising rates 2.5 percent, which will go into effect May 10th for new customers and June 25th for most drivers. So Allstate didn’t really have to think twice about raising rates if everyone else is doing it too.

Is Everyone Raising Illinois Auto Insurance Rates?

Not everyone is jacking up prices, however. The largest auto insurance provider in Illinois — State Farm — just slashed rates 2 percent this past December after three years of annual increases.

How To Get Lower Auto Insurance Rates

Since prices are always fluctuating, the best thing a consumer can do is to shop around for competitive quotes. Each company has a different method of determining how much to charge a customer, so the numbers can really vary widely. Just a few minutes entering information online can save customers thousands of dollars per year in some cases.

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California Online Auto Insurance

Friday, August 26th, 2011

When you purchase California online auto insurance, you will be bound by the same legislation that is enforced when policies are bought from land-based offices or telephone call centers. Although auto insurance is often cheaper online, road users are still obliged to purchase the minimum 30/15/5 levels of cover that are mandatory throughout the entire state of California.

So why is California online auto insurance so much cheaper? When a carrier sells their products from an office or over a telephone, their sales teams are aware of the fact that they have your complete attention and that there is no competition to steal your custom away in that exact moment of time. To a certain degree, they know that they can inflate their prices and if you’re desperate for a policy, all they have to do is close the deal.

When you purchase California online auto insurance, every single carrier is operating in an open marketplace where their competitors are fighting for the same business. To secure business, those carriers have to offer something exceptional in order to warn off the competition and one of the most appealing factors that can influence a buying decision for consumers is price.

At Promiga, we offer California online auto insurance at fantastic prices, but we never lower the quality of our products to make them more appealing on a monetary basis. We offer superior coverage at a superior price, and we only use superior auto insurance carriers to partner our website. By dealing with best, we can always bring you the best and that’s always been the Promiga way!

 

Shopping the Internet to get the Best California Auto Insurance Policy

Friday, August 26th, 2011

If you looking for a California online auto insurance quote but find the increasing number of price comparison and company websites too confusing, why not make Promiga your website of choice for all auto insurance matters?

With years of extensive experience under our belt, Promiga can offer a California online auto insurance quote that’s cheaper, faster and better than any other equivalent policy offered on the Internet. How do we do it? Quite simply, we’re in the business of building relationships and it’s not just our customers that we put first.

Promiga have spent many years building solid working partnerships with some of the biggest names in the auto insurance industry and over time, we’ve managed to build outstanding levels of trust with a range of selected providers who think in exactly the same way as us. Quality and service are the mainstays of our operation, and we only work with auto insurance companies that use those mainstays themselves.

When you apply for a California online auto insurance quote with Promiga, you’ll be put in direct contact with a leading market specialist with the highest industry review rankings. With just a minimal amount of basic information (usually a ZIP code), our trusted partners will provide you with an obligation-free auto insurance quote that offers maximum protection at minimum cost.

There are no expensive phone calls to worry about, and you won’t be pestered for the next six months by annoying sales representatives if you choose not to buy with us. All of our California online auto insurance quotes are free of charge and we never charge a fee or commission when you choose to make a purchase.

Consumer Ratings for California Auto Insurance Companies

Friday, August 26th, 2011

What makes Promiga so much better than every other price comparison website? At Promiga, we don’t partner any old company. We carefully hand select the best providers in the business, and we do that by taking their California auto insurance ratings into account before we decide if it’s worth forging relationships with them for the benefits of our customers.

California auto insurance ratings are given out based on reports from independent industry reviews and customer feedback. If any company fails to achieve the minimum ‘A’ rating that we demand, we won’t work with them. Our dedication to perfection knows no boundaries, and we’ll never sacrifice our own reputation by working with inferior companies.

When you purchase a policy from a carrier that has the best California auto insurance ratings, you’ll be able to do so in the safe knowledge that you’ll be receiving fantastic service, remarkably priced policies and superior levels of aftercare if you ever need to make a subsequent claim.

Every one of our providers is licensed to operate within the state of California, which means you’ll always be receiving policies that meet the minimum mandatory state requirement. The minimal 30/15/5 coverage will be guaranteed, and you’ll also have the option to increase your coverage with useful add-ons including collision coverage, comprehensive insurance and uninsured/underinsured motorist protection. Very few consumers consider California auto insurance ratings when they’re looking or a policy, but the benefits of working with industry leaders are just as important as saving money when purchasing new policy or renewing an existing deal.

California Auto Insurance Minimums

Friday, August 26th, 2011

Purchasing the right level of cover for your vehicle will lead to a problem-free motoring experience that sees you fully protected if you’re ever involved in a road traffic accident. As with every other US state, there are a number of California auto insurance minimums that you are legally obliged to meet before taking a vehicle on the road.

Although California works under a no-fault auto insurance system, the purchase of a policy is still mandatory. In comparison to Tort states, California auto insurance minimums are put into place so a driver can claim from their own policy in the aftermath of a road traffic accident in the safe knowledge that there will be enough protection available to cover bodily injury costs and repairs to the vehicle itself.

California auto insurance minimums also have an inclusion for property damage liabilities. The actual minimum figures are set at £15,000 worth of bodily injury protection per person, $30,000 worth of bodily injury protection per accident (for two or more drivers) and $5,000 worth of property damage liability.

Naturally, it makes more sense to purchase increased levels of protection as long as it is affordable to do so. In addition, there are several policy additions that you may like to consider. Comprehensive insurance, collision coverage and uninsured/underinsured motorist protection are all important add-ons that will supplement your California auto insurance minimums to perfection. With blanket coverage in place, you will rarely be expected to cover additional costs from your own pocket unless a high deductible figure has been agreed on.

California Auto Insurance Evaluation

Friday, August 26th, 2011

If you’re searching for a California auto insurance evaluation but don’t actually know where to start, why not take a look at the amazing auto insurance quotes on the Promiga website? At Promiga, we have access to an extensive range of the best premium level providers within the current marketplace and can offer you a California auto insurance evaluation that offers excellent levels of coverage with a value for money premium.

When you obtain auto insurance quotes from Promiga, our preferred carriers will take your driving history, age, type of vehicle and claims record into account. Once this information is processed, you will receive a California auto insurance evaluation that reflects these individual factors. Although many auto insurance providers will penalize you for breaching these factors, the fact that they are working with an open marketplace on our website actually means that you’ll still be able to secure a great deal.

At Promiga, we never limit the number of auto insurance quotes you can apply for. Some price comparison websites enforce a             cap and charge you once you exceed a certain number of California auto insurance evaluations. You have our word that we will never apply additional charges or commissions just because you want to gather as much information as possible before making a purchasing decision.

It is our sole intention to provide you with the very best information pertaining to your application and nothing else. While inferior websites continue to run you round in circles in order to maximize their profits, Promiga prefer to bring you fantastic online auto insurance quotes without making you pay through the nose for it.