A profile of Ohio Casualty Insurance Company has been added to our auto insurance company directory. To learn more about the regional insurance company, you can visit the Ohio Casualty profile page here.
In the Detroit Free Press, Kathleen Gray reports that 12 Michigan auto insurance companies have agreed to freeze their rates for a year. However, 96 other insurers have not agreed to the rate freeze as of the March 1st deadline. Governor Jennifer Granholm requested that insurers freeze their auto insurance premiums for a year while the state legislature works on auto insurance reform.
The insurance companies that have agreed to freeze their auto insurance rates are:
That Motown classic was right: you better shop around, especially for Delaware auto insurance. KYW-TV’s eye-opening study shows how there can be wild swings in premiums between companies. Everything else can be exactly the same! Some examples:
A couple and teenage son in Wilmington, with one accident on their record can pay…
They would save hundreds of dollars per year by switching their insurer! What about basic coverage for a couple in Landsdale, Delaware? They could pay…
As you can see, the savings could be substantial; especially important during these tough times. Unfortunately, research has found that most consumers don’t compare auto insurance before they buy a policy, and don’t often switch policies.
According to Nevada Department of Insurance (DOI) Liberty Mutual Fire Insurance company received approval to increase their Nevada auto insurance rates by an avg. of 6.9%. In addition, Liberty Insurance Co. received approval for a 7.0% avg. increase and First Liberty Insurance Co. 7.6%. These rate increases were each slightly lower than what was requested by the companies respectively.
The three insurance companies above, which collectively make up Liberty Mutual Insurance Companies Group, maintain a 2.9% market share of all private-passenger automobile insurance in Nevada.
These private-passenger auto insurance rates became effective on December 15, 1008.
According to Jeffrey Krasner in the Boston Globe, Progressive Insurance’s website recently showed incorrect comparisons with other auto insurance companies, making their rates appear cheaper than they really are. A computer glitch compared the price of Progressive’s 6-month policy with 12-month policies from Commerce Insurance or Liberty Mutual. (Unlike most Massachusetts auto insurance companies, Progressive sells policies in 6-month increments.)
Progressive spokesperson Cristy Colt stresses that they weren’t intentionally trying to mislead consumers; rather, the system is meant to divide competitors’ prices in half to show fair auto insurance quote comparisons. For now, the rate comparison tool on their website is down, and Progressive is sending letters to inform about 21,000 consumers whose decisions may have been affected by the error.
(Photo credit: wallyg under CC 2.0)
