Smart Auto Insurance Blog

Auto insurance quotes have been increasing over the past 2 years and they are expected to keep increasing in 2010 according to the article “Be Prepared For an Increase in Car Insurance Premiums” by Justin Vasquez on cheapercarinsurance’s website.

The Office of National Statistics estimate insurance premiums to increase substantially.  States such as Montana can expect increases up to 12%.  There are certain types of cars that will experience high increases in auto insurance quotes.  Some  of these include the Kia Sportage, Hyundai Sonata, and Kia Lotze.

Most companies will be experiencing higher premiums, but many will still be competitive including Acceptance Insurance.  National US averages show that about 23 states have already seen an increase in auto insurance quotes since January ‘10.  Because of these increases many are driving uninsured and the Institute Research Council says about 16% of drivers will not renew their policies which is bad news for insured drivers and insurance companies.

The agricultural risk management company, Acceptance Insurance, offers insurance products and provides property and casualty insurance as well. 

Acceptance Insurance provides insurance under two insurance company subsidiaries called American Growers Insurance Company and Acceptance Insurance Company.  AGIC provided insurance products before stopping operations back in 2002.  The District Court of Lancaster County, Nebraska placed AGIC into rehabilitation December, 2002.

Acceptance’s only operation remaining is AIC which is under administrative supervision.  They continue to control the run off of discontinued and sold companies.  Because of drought and inadequate growing conditions, AI also divested American Agrisurance which is its crop insurance business.  AIC sold its property and casualty operations to Hannover Re and McM.