Cheapest Auto Insurance Network
Why is Auto Insurance Mandatory?
Written by Michael Browne
As of August, 2010, every state in the U.S., including Washington, D.C., but excluding New Hampshire, has some sort of law requiring that motorists must prove their financial responsibility in order to drive legally.
In these cases, "financial responsibility" really means that drivers can prove they have the ability to absorb a reasonable amount of the medical and repair costs to injured parties in a car accident when they are at fault. (Generally speaking, state governments don't care if you have enough money to replace your own car, or pay your own medical bills.)
Written by Michael Browne
As of August, 2010, every state in the U.S., including Washington, D.C., but excluding New Hampshire, has some sort of law requiring that motorists must prove their financial responsibility in order to drive legally.
In these cases, "financial responsibility" really means that drivers can prove they have the ability to absorb a reasonable amount of the medical and repair costs to injured parties in a car accident when they are at fault. (Generally speaking, state governments don't care if you have enough money to replace your own car, or pay your own medical bills.)
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Health Costs Shifting to Auto Insurers
Written by Michael Browne
Insurance Research Council (IRC) Reports Heavy Cost Shifting for Health Services onto Auto Insurers
It's no secret that President Obama's new health care regulations will affect the auto insurance industry. However, according to the Insurance Research Council (IRC), it's currently impossible to determine the extent that individual auto insurance policy premiums will eventually increase to. The IRC recently reported a correlation between low amounts of Medicare and Medicaid reimbursements and the higher medical services reimbursement rates demanded from auto insurers. - Read more
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Usage-Based Auto Insurance
Written by Michael Browne
How Usage-Based Auto Insurance Will Save Americans Money
For the average American, the algorithms used to determine an individual's auto insurance premiums seem quite biased. Everybody's driving habits are unique, as are the amount of miles that each drives. Most would agree that a person who uses their vehicle infrequently, and practices safe driving habits, should be required to pay less for auto insurance than a speed demon who drives every day. In the past, insurance companies have profited madly by grouping people according to marital status, gender, age, credit scores, driving records and more. Those days may soon be over though. - Read more
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