auto insurance

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He Wanted a New Car. Insurance Was Steep. He Had a Plan.

Canadian driver applied for gender status change on paperwork to cut his premium rates

(Newser) - "I'm a man, 100%. Legally, I'm a woman," a Canadian man boasts to the CBC in explaining how he "beat the system" to save $900 a year on his car insurance. How "David" of Alberta (who requested anonymity) did it: He got a doctor'... More »

Wells Fargo Forced Insurance on Thousands, Is Out $80M

At least 570K customers affected in latest problem for beleaguered bank

(Newser) - First Wells Fargo opened millions of accounts that customers didn't want. Now, in what one consumer advocate calls a "colossal failure of management," the company has admitted it signed up hundreds of thousands of customers for auto insurance they didn't need, NPR reports. And that unrequested... More »

Tesla May Bring Big Change to Car Insurance

It plans to bundle it, and maintenance, into total price of car

(Newser) - If cars are becoming safer as they incorporate self-driving features—the National Highway Traffic Safety Administration last month confirmed Tesla's first-gen Autopilot reduced Tesla vehicles' crash rate by 40%—consumers and experts alike are wondering when auto insurers will slash rates to reflect the minimized risk. Tesla CEO Elon... More »

Surgeons Are the Most Accident-Prone Drivers

Medical workers are involved in a lot of wrecks, study suggests

(Newser) - People who spend much of their working lives stitching up accident victims are among those most likely to cause car accidents, according to a startling new study from Britain. The analysis commissioned by financial services firm found that surgeons were the most likely to file an at-fault claim—... More »

Car Insurers Like Rich People Better

Study: Good drivers who are poor often pay higher premiums

(Newser) - A meticulous driving record isn't enough to keep your insurance premiums down—it helps to be rich, reports AOL Autos . A new study by the Consumer Federation of America found that insurers often charge good drivers with low incomes more than lousy drivers with high incomes. The study sought... More »

Progressive Faces Backlash Over Car Crash Case

Critics blast the group for fighting payment after fatal crash

(Newser) - The Progressive insurance group is defending itself against an onslaught of negative publicity after it tried to avoid paying $75,000 to the family of a client killed in a car crash and tried to blame the wreck on her. The criticism began Monday with a blog post from 33-year-old... More »

EU to Women: Sorry, No More Cheaper Car Insurance

Insurance firms ordered to stop sex discrimination

(Newser) - European women will no longer enjoy cheaper car insurance because of their sex's safer driving habits. A European Union court has made it illegal for insurance companies to base premiums on gender-based risk assessment, CNN reports. Millions of women drivers, who previously enjoyed car insurance up to 50% cheaper than... More »

Insurer Uses Koran to Deny Car Crash Claim

Now the company's 'sorry'

(Newser) - A German insurance company found itself in hot water after one of its executives refused to cover maid costs for an Algerian immigrant injured in a car crash after interpreting the Koran as saying that Muslim husbands "don't run a household." His relationship with his wife "can't... More »

Straighten Out Your Finances in 2010

Some simple moves can net $1K or more

(Newser) - On the eve of the first serious workday of the New Year, take a hard look at your finances and see where you can cut back in 2010. A relatively small investment in time can result in some serious savings, Kathy Kristof writes for the Los Angeles Times :
  • Save automatically:
... More »

SI Website Ad on Chris Henry Story Goes Too Far

Image of cracked windshield superimposed over truck accident victim

(Newser) - An unfortunate juxtaposition has the sports blogosphere abuzz: As Sports Illustrated was reporting the death of Cincinnati Bengals wide receiver Chris Henry this morning, the website's advertising apparatus was employing a special effect on behalf of Liberty Mutual's car insurance offerings. The effect? A shattered windshield. "The cracked windshield... More »

Recession Drives Boom in Auto Fraud

(Newser) - Car-insurance fraud spurred by the recession is continuing unabated, Newsweek reports. “Give-ups”—feigning theft or arson to collect insurance money on an unwanted vehicle—are up 24% this year over last, according to an industry group. And claims stemming from suspicious car fires are up 27%. “Normally... More »

Insurer Sees Games as Boost for Old Brains

'Mental fitness' software improves reaction time, peripheral vision

(Newser) - An experiment by Allstate Insurance and a San Francisco software startup that aims to use computer games to improve the mental health of all ages is getting good reviews, the Chronicle reports, including from one local who says improved reaction time and peripheral vision saved him from an accident. “... More »

More Strapped Drivers Kick Insurance to Curb

(Newser) - As the economy sours, a stunning number of drivers are cutting back or dropping their insurance, MSNBC reports—and that has regulators and safety activists worried. “We may be looking at record numbers of uninsured motorists across the nation,” said the president of the Northwest Insurance Council. An... More »

Lost Your Job? Hyundai Will Buy Your Car Back

New incentive plan offers mostly risk-free ownership for a year

(Newser) - With rebates and other incentives failing to entice buyers, Hyundai is letting hard-luck owners return their cars, CNNMoney reports. Buyers who can't make payments because they got fired or went bankrupt are allowed to trade cars back with little or no obligation, within a year. "The goal is that... More »

As Money Woes Rise, Drivers Let Insurance Lapse

Jobless Americans can't afford insurance

(Newser) - As the unemployment rate climbs, so, too, does the number of drivers letting their car insurance lapse, the Wall Street Journal reports. One industry group says several hundred thousand drivers dropped their insurance in the last year alone. A study two years ago pegged the percentage of uninsured drivers at... More »

Insurance Guzzles Savings From Fuel-Efficient Cars

Trading down to save money on gas results in higher premiums

(Newser) - Think you’re saving money by driving that small, fuel-efficient car you traded in your SUV for? Maybe, but you’re probably paying more for your insurance—a lot more, reports the Wall Street Journal. In accidents, small cars tend to sustain more damage, and occupants more injures, than larger... More »

Missing Airbags Threaten Drivers of Used Cars

Some dealers ditch safety for cash in 'life-and-death scam'

(Newser) - Used-car buyers, beware: Missing or ruined air bags are posing a threat to unsuspecting drivers’ lives, an NPR investigation finds. Some dealerships put greed over safety and sell cars that have been in accidents without replacing the protective pouches. Instead, they may stick faulty air bags back in the car,... More »

Calif. Mulls Pay-as-You-Drive Insurance to Cut Costs, Miles

Option available in 34 states seen to help costs, environment; invasiveness an issue

(Newser) - An alliance of insurance companies and environmentalists are pushing to bring  pay-as-you-drive auto-insurance, available from a handful of companies in other states, to California in a big way, the Los Angeles Times reports. The system, which charges premiums based on mileage, as recorded by a GPS tracking device, gives drivers... More »

The Good in $4 Gas

Less obesity, traffic, and accidents, for starters

(Newser) - The rest of the world may have thought it would never happen, but energy prices are beginning to change Americans' behavior. Time notes some positive aspects:
  1. Jobs lost to globalization return, because energy costs make international shipping unattractive.
  2. Suburban sprawl is slowing as people choose to live closer to cities.
... More »

Sioux Falls, SD, Is Safest for Driving: Study

Residents wreck once every 14.6 years; DC worst at 5.4 years

(Newser) - Sioux Falls, SD, is the safest US city to drive in for the third year in a row, according to an insurance study. Allstate found that Sioux Falls drivers average an accident only once every 14.6 years, compared to a national average of once every 10, the AP reports.... More »

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