The essential details about teen auto insurance you need to know
Posted on May 29th, 2012
The teen drivers now can also get insurance. This insurance for the teenager drivers are a bit costly than the normal one. There are certain reasons for the teen auto insurance to be comparatively more expensive. The first and most important reason is that the teen aged drivers are considered as somewhat not much experienced so there is always more possibility of them to meet with an accident. As the probability of the teen aged drivers to have an accident is most so the rates of the teen auto insurances are always very high. It has been reported several times that the normal premiums of the car insurance has been raised to over 50% when it becomes teen auto insurance.
Tags: Auto Insurance, Insurance, Teen Auto, Teen Auto Insurance
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Safe travels home on Memorial Day 2012
Posted on May 27th, 2012
According to AAA Michigan and a Detroit Free Press story called AAA predicts more Michigan travelers over holiday weekend:
- 1.2 percent more Michigan residents traveled over the holiday weekend.
- About 1.1 million people were predicted to travel 50 miles or more.
- 91 percent of these travelers were predicted to drive an average distance of 642 miles.
- 30.7 million Americans were predicted to travel on a road trip this weekend.
Due to an improving economy, AAA Michigan is predicting a 2 percent to 3 percent boost in travel this summer.
With more summer road trips, please remember that started this month.
Tags: Day, Day 2012
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Volkswagen eyes Honda audience for considerable U.S. market share
Posted on May 27th, 2012
A decline in automobile sales in the United States during the past year for Honda has led rival Volkswagen to take aim at the carmakers significant share of the American market, according to a report by Reuters*.
During 2011, Hondas U.S. market share dipped 2 percentage points to 8 percent. Sales for the automaker slipped 7 percent last year – a stark contrast compared to the rest of the industry, which saw an overall double-digit rise in vehicle sales.
The drop in sales for Honda in the United States and substantial increases in sales of two of VWs most popular automobiles – the Jetta and Passat – has the carmaker looking to capitalize on what it sees as a chance to boost business.
“The good news for Volkswagen is that brand loyalty is not what it used to be,” TrueCar analyst Jesse Toprak told the news source.
Tags: Market Share, Share
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What Counts as a Sports Car?
Posted on May 22nd, 2012
In reality, what makes a sports car a sports car is a higher level of performance. Of course, this increased performance comes at a cost. The price of a performance model vehicle is always higher than its more average counterpart. Replacement or spare parts can also be more expensive. As such, sports cars typically require more expensive insurance policies. But, the category of “sports car” is subjective in some areas, and many insurance companies have different definitions for what does and does not count as a sports car. However, there are some common elements they take into account:
Number of doors – a four-door sports car is not very common. Usual
Tags: Car, Sports Car
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Car Insurance for Collectors
Posted on May 22nd, 2012
If you keep a vehicle primarily as a collector’s item, standard auto insurance coverage is likely unnecessary because such vehicles are rarely driven and don’t require extensive insurance protection. For example, you might have an exotic Italian sports coupe that you only drive for a few weeks in the summer, or a 1976 Pontiac Firebird Trans Am that you only drive back and forth to an occasional auto show. Rarely driven show vehicles like these are best covered by classic auto insurance. Such policies offer the same protections as standard policies but, because the insured vehicle spends the majority of the year in storage, are substantially less expensive.
You and your vehicle will need to meet the carriers requirements in order to qualify for a collector car insurance policy.
Groupama achieves new deal with Sky Insurance
Posted on May 16th, 2012
Groupama Insurances has secured a deal with Sky Insurance Services Group Ltd., the specialist modified, prestige and performance car insurer.
Groupama is expected to write £1.5m in the deals first year, with volumes forecast to rise over the course of the next three years.
Personal Lines Director for Groupama Insurances Kevin Kiernan said that the success of niche specialists such as Sky Insurance was contingent upon the underwriting quality and expertise they provided to policyholders.
Kiernan went on to say that Groupamas experience in non-standard motor cover coupled with its focus on meeting the needs of the broker made a perfect combination for Sky, and that the firm was delighted with the new deal.
Earlier this year Groupama struck a deal with eBike, whereby it became the sole underwriter of motorcycle policies sold via the online motorbike insurer.
Tags: Insurance, Sky Insurance
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What Are The Parties To Do When There Is A Breakdown In The Appraisal Process?
Posted on May 15th, 2012
This was an issue recently in a Florida case from the Second District Court of Appeal, . The Court stated “[t]he insurance policy does not address a breakdown in the appraisal process.” The policyholder’s appraiser had fired the neutral umpire from the appraisal process, apparently being dissatisfied with the pace of the umpire’s efforts.
The claim stemmed from a fire loss in January 2008. The insured and the insurer could not agree on a settlement, so the insured demanded appraisal. The parties appointed their appraisers and selected a neutral umpire, who inspected the property. The insured’s appraiser became dissatisfied with the lack of conclusion to the process despite repeated suggestions by the umpire that he would be issuing his award shortly. After the