auto insurance costs News

Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …

Car Prices Expected to Surge on Trump’s New Tariffs

Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. The cost to build a crossover …

Member of Crew Tied to 490 Catalytic Converter Thefts Pleads Guilty

A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles. According to Acting U.S. Attorney Joshua S. Levy, Santo Feliberty …

Connecticut Man Pleads Guilty to Role in Catalytic Converter Theft Ring

The U.S. Attorney for Connecticut reports that a New Britain man has pleaded guilty to participating in a stolen catalytic converter trafficking ring. Roberto Alicea pleaded guilty to one count of conspiracy to commit interstate transportation of stolen property, an …

Valen Analytics Releases Risk Scoring Model for Commercial Auto Insurers

Valen Analytics, a provider of proprietary data, analytics and predictive modeling for property and casualty insurers, has launched Risk Score for commercial auto insurance within its InsureRight Platform. The predictive models offer underwriters the ability to look into risk selection …

How Much More 18-Year-Olds Pay for Their Own Auto Insurance

Eighteen year-olds pay an average of 18 percent more for car insurance if they sign up for an individual policy as opposed to remaining on their parents’ policies, according to a report from online seller insuranceQuotes.com. The difference in premiums …

Detroit Mayor Says Plan Would Lower Car Insurance Cost

The mayor of Detroit says he’ll ask state lawmakers to approve a car insurance program that would lower rates for city residents. Mayor Mike Duggan says the plan could cut costs by $1,000 a year. He has said the high …

Top 10 Most, Least Expensive Cars to Insure

The cheapest 2015 models to insure include two minivans, seven sport-utilities and the tiny Smart ForTwo, according to an Insure.com ranking of the most and least expensive vehicles to insure. The Jeep Wrangler Sport 4WD repeated its cheapest-to-insure title, with …

Group Warns Maryland’s Auto Repair Bill Could Raise Costs for Consumers

An industry association says a recently proposed bill in Maryland could hurt consumers by limiting insurers’ ability to manage auto body repairs and control costs. Maryland’s Senate Bill 487 (Motor Vehicle Liability Insurance – Replacement Parts for Damaged Motor Vehicles) …