The Maryland Automobile Insurance Fund was created by the Maryland State Legislature in 1972 to provide auto liability coverage for residents of Maryland who cannot get is elsewhere it the private insurance market. MAIF is actually an independent agency of the state and reports straight to the Governor. It also has to answer to the Maryland State Legislature
Lists come out every year detailing the most stolen cars and, with that, what steps one can take to deter car thieves. Yet, a car is stolen in the United States every 24 seconds according to the Insurance Information Institute. Auto theft continues to thrive despite those lists and regardless of new anti-theft technology that emerges with every new model year.
Looks like it’s one of those good news bad news things from NHTSA. The National Highway Traffic Safety Administration (the people that keep track of accidents and crash test cars) have just released a new study showing that there are fewer drunks on the roads these days (yay!) but strangely enough, over 16 percent of drivers on the roads at night are on some sort of drug (wha?).
Insurance from AAA in Hawaii will now cost 10 percent less thanks to an approval from the state insurance commissioner. The company said the lower premiums would save Hawaiians about $120 a year on average.
Allstate Insurance Co. has announced it is looking to appoint 51 exclusive agency owners in Colorado in 2010.
Ms. Coakley noted that her proposed protections prohibit certain unfair and deceptive conduct in the sale of auto insurance, including prohibiting “discriminatory rating and underwriting factors,” requiring “insurance rating practices to be fair and transparent,” and preventing “misleading advertisements.”
According to a study conducted by AAA, the average cost to own, operate and insure a sedan increased to $8,487 per year, a 4.8% increase from the prior year. Rising auto insurance, fuel and maintenance cost were the main reasons why the cost of ownership increased.
Flooding damage to homes and businesses not typically covered by standard insurance policies, but vehicles may be, insurance expert says.
State Farm Mutual Automobile Insurance Company has increased its overall rate level in South Dakota an average of 0.1 percent, effective July 12.
Having vehicle insurance gives a feeling of security. After all, if something goes wrong, the insurance company will take care of things, right?
Maybe.
Read more: The Pickens Sentinel - Auto Insurance Myths