Allstate Reports Net Income Rose 52% for Q4
Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter of 2020. Net income was up 52% to $2.6 billion for the quarter compared to net income of $1.7 billion in the same quarter in 2019. Net investment income rose 73% to $1.19 billion. The results reflected fewer auto accidents […]
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A Car Insurance Claim Estimate Before the Tow Truck Is Called
On a typical day, about 80,000 American drivers have accidents serious enough to warrant calling their insurers. After the initial shock comes to a predictable sequence of worries: Was anyone hurt? Am I at fault? The driver’s first call is often to the insurance company, which leads to the next questions: How long will it […]
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15 Tips and Ideas for Cutting Car Insurance Costs
Due to the litigious nature of our society and the increasing prices of vehicles, car insurance rates are on the rise across the country. The bad news is that insurance isn’t likely to come down in price anytime soon. The good news is that there are things you can do to minimize increases or reduce the […]
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How To Reduce Car Insurance Costs During The COVID-19 Pandemic
Financial security is a top concern due to the COVID-19 pandemic. About 36.5 million people filed for unemployment over the last eight weeks, as of May 14, 2020. Six out of 10 people are concerned about how they’ll be able to pay their bills, according to a recent survey conducted by Clearcover, a car insurance […]
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Auto Insurance Claims Satisfaction Continued to Rise During Pandemic
Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience and deliver higher quality claims service. According to the J.D. Power 2020, U.S. Auto Claims Satisfaction Study, a 22% decline in the frequency of auto insurance repairable claims has translated into shorter cycle times, better […]
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Why Did My Auto Insurance Go Up?
Even if you’ve been a safe driver, your car insurance rates can go up. Your frustration is understandable, and if you’re wondering why your car insurance keeps increasing — especially if you didn’t file any claims and you steadfastly followed the rules of the road — we’re here to clear up any confusion. Your insurance […]
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Average Car Insurance Rates By Age and State
Average car insurance rates range from $1,424 per year for drivers who are 65 years old to a high of $7,001 per year for drivers who are 16 years old. Car insurance rates vary so much by age group because some groups are statistically riskier to insure than others, due to a higher likelihood of […]
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Your car insurance company could give you credit, refunds due to COVID-19
A number of auto insurance companies are giving money back in one of three ways: a refund, a credit, or a reduction in your premium. A number of auto insurance companies are giving money back in one of three ways: a refund, a credit, or a reduction in your premium. A majority of auto insurance […]
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Should car insurance cost less as drivers stay home because of coronavirus? Consumer groups say yes.
Coronavirus in New Jersey means millions of people are at home, either working at home, shut out of their jobs, or caring for the kids. That means fewer commuters are in cars and buses to get to work. Virtual learning means no school buses. Roads aren’t empty, but there is not a lot of traffic. […]
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How Much Car Insurance Do You Really Need?
We spend a lot of time talking about health insurance and life insurance, but what about car insurance? Who’s going to pay for repairs on that “remodeled” SUV when your teenager accidentally drives it through the garage door? Or what if your uncle forgets to put your car in park and it rolls into the […]
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