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Loss rate for auto insurance rises in Oct.

SEOUL, Nov. 24 (Yonhap) -- Non-life insurers' loss rate for their auto insurance businesses continued to rise in October due to reduced insurance premiums and increased traffic accidents, data showed Monday. The nation's four major non-life insurers, including Samsung Non-Life Insurance,...

Young people in Canada are being “burned” by car insurance prices

Young people in Toronto are facing skyrocketing car insurance costs, so much so that for many of them it's becoming cheaper to use public transportation or Uber than to own a car. A new report from Rates.ca shows that insurance companies categorize young...

How your credit score really affects your car insurance rate

Andrew Angelov // Shutterstock   CheapInsurance.com examines how an applicant’s financial profile intersects with their driving profile in determining auto insurance rates. Most drivers know that factors like driving record, vehicle type, and residential ZIP code influence...

Rising cost of auto insurance a tough problem to solve – Insurance News

ATLANTA — Drivers saw rising auto insurance bills in recent years, yet the industry was not seeing gains, an advocate told state lawmakers Friday. Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto...

Buyer Beware: States Lowering the Bar for Insurance Agents

When you have questions or need assistance regarding anything insurance-related, who do you think to reach out to? Chances are, you will think of a licensed insurance agent or broker.Sure, you may reach out directly to an insurance company or ask a friend,...