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auto insurance – XtremeCuztoms

Category: auto insurance

Will Switching Car Insurance Companies Give You a Better Deal?

Car insurance rates have changed considerably during the pandemic. It has made many drivers uncomfortable with their current car insurance company, causing them to switch insurers for a better price. One company, CarInsurance, reported that from 2020 to 2023, so far, the average cost of car insurance premiums had increased by 14 percent. In the…


How to Save Money on Auto Insurance

By David Rodeck From Kiplinger’s Personal Finance Shopping for new auto insurance? Here are ways to save money. Start by asking about discounts. Bundling multiple policies with one insurer can lead to savings on all your premiums. Discounts for setting up electronic payments, paying your entire premium in full, and going several years without a…


Where to Shop for Auto Insurance

By David Rodeck From Kiplinger’s Personal Finance If you’ve decided it’s time to test the market for your auto insurance, you have several ways to get quotes and see what’s out there: An Agent With a Major Insurer One option is to reach out to an agent representing one of the major insurers, such as…


Family Finances: Reshopping Auto Insurance in a High-Inflation World

By David Rodeck From Kiplinger’s Personal Finance The auto insurance market, like the rest of the economy, is dealing with the aftermath of a global pandemic and soaring inflation. “Insurers went from record profits in 2020 to record unprofitability,” says Adam Pichon, general manager of auto insurance at LexisNexis, a data analytics firm. “Many insurers…


Florida Tops New York for Most Expensive Auto Insurance in Country

Florida has become the most expensive state for automotive insurance—a 15.2 percent increase for 2022—according to a new report by Bankrate. Changes in coverage costs varied by state and by metropolitan area, with Orlando premiums seeing the highest surge of 22.6 percent for the year. At the start of 2022, New York was the only…


Insurance Brokers Criticize BC Report Claiming Province’s Auto Insurance Among Lowest in Canada

A report recently released by a Crown corporation in B.C. comparing how auto insurance rates in nearly every province are more pricey than in British Columbia is facing criticism. The report, commissioned by the Insurance Corporation of British Columbia (ICBC) and conducted by international accounting firm Ernst & Young (EY), was released on Dec. 8…


Alberta’s Auto Insurance Among Highest in Canada: Report

While Alberta may offer good value when it comes to buying a house, the same can’t be said when it comes to paying for auto insurance, according to a report conducted by international accounting firm Ernst & Young. Commissioned by the Insurance Corporation of British Columbia (ICBC) and released on Dec. 8, the report found…


Florida Ranked Highest in the Nation for Auto Insurance: Report Shows

A recent analysis ranks Florida as the most expensive state in the nation for automobile insurance. The national average rate for full coverage car insurance is $1,682 a year in 2022. With an average premium of $2,560 per year, or $213 a month, a recent analysis from insure.com ranked Florida as the most expensive state in the nation…


GEICO Shutters California Branches

Auto-insurance giant GEICO has closed all 38 branches in California, becoming the latest private insurance company to reduce business operations in the state. Locally owned branch offices were told of the company’s decision in a two-minute zoom call, one agent who asked to remain anonymous told The Epoch Times. “It’s criminal,” the branch office owner…


Warren Buffett-owned Company Shutters California Branches

Auto-insurance giant GEICO has closed all 38 branches in California, becoming the latest private insurance company to reduce business operations in the state. Locally owned branch offices were told of the company’s decision in a two-minute zoom call, one agent who asked to remain anonymous told The Epoch Times. “It’s criminal,” the branch office owner…