The first summit took place on the 14th February and was hosted by David Cameron –see earlier post covering this.
On the 2nd May the Department of Transport hosted the second summit on motor insurance with whiplash injury claims and cheaper car insurance for young drivers being at the top of the agenda. P
A system is in place for Michigans auto insurance that is different from any other state in the United States. Their drivers get unlimited lifetime medical benefits for any injuries related to a crash. According to a PR Web press release, the price that auto insurance companies pay to maintain that coverage will be going up. In order to lessen the burden caused by this mandatory unlimited lifetime medical coverage, the state of Michigan introduced the Michigan Catastrophic Claims Association 33 years ago. This group refunds auto insurance companies any amount they have paid in medical claims over $500,000.
Companies currently pay $145 per year for every automobile they insure to the MCCA. This premium is going to increase 21% to $175 this July. The MCCA currently operates with a large deficit and an increase in claims they will have to pay out is expected. They have paid out on 28,000 claims worth close to $85 billion since the MCCA was founded.
In states other than Michigan, each policyholder chooses the amount of medical coverage they will carry and only pays their insurer for that coverage limit. The lifetime medical benefits provided in Michigan put a big strain on auto insurance companies and the MCCA, but the yearly cost they pay the MCCA is passed right down to Michigan drivers. Many lawmakers are trying to get a limit placed on the amount of compensation that can be received from one claim, but that has yet to happen. Michigans unique auto insurance system definitely costs a lot of money, but can benefit many claimants.
With the onset of fall comes the beginning of hunting season. While not every state is prone to a great many car vs. deer accidents, in states like Michigan and New York, there are as many as 50,000 such accidents reported every year (and possibly more that go unreported).
As a driver, there are a few things you should know about deer season:
- Deer populations are generally on the move in fall, and one of the reasons theyre attracted to the roadside is leftover salt from when there is snow or ice on the ground. Most of the time, theyd rather walk around a barrier than jump over it, so if you see deer on the side of the road, simply slow down, and pass quietly.
- Most car vs.
In the Bradford and other parts of the United Kingdom, the majority of the citizens carry comprehensive car insurance even though it cost higher than regular types of insurance. Comprehensive insurance is a type of car insurance policy that provides coverage for the policyholder, whether or not he or she is at fault of the accident. It also provide third party liability coverage, which means that the insurance will cover any damages caused by the policy holder to the other party involved in the accident, proven that he or she is at fault. It includes coverage for damages to third party property as well as their medical expenses. Read more…
But the truth is, back-over accidents are dangerous. In fact, back-over incidents disproportionately affect children. Unfortunately, in the case of children, more than half of these incidents are fatal.
The Facts
A second problem is the fact that kids are, well, kids. Quite a few of these accidents happened because a child ran out in front of a car backing up too quickly, and the child was struck. There was literally no time for the driver to react, even if he or she saw the child at the last second.
How Do We Prevent This?
- Similarly, for young children, make sure they can’t wander off.
According to a market analysis conducted by Tiger, a car insurance comparison website, car insurance prices decreased by 0.8% in the month of March this year. This makes the annual drop in premium prices to 1.9%. The report was created by Tiger Watch, the market indicator of the company.
However, according to company experts, the car insurance premiums remain 33% higher than those during the month of March, 2010.
According to Andrew Goulborn, the company’s commercial director, “Tiger Watch gives one of the earliest indications of movements in car insurance pricing and the March 2012 results show that market competition is helping to keep premiums stable. How
In Louisiana, auto insurance checkpoints will probably have to be announced ahead of time by police departments. According to La.
Have you ever wondered who has the cheapest gas in your neighborhood? Short of driving around from gas station to gas station, there is really no way to tell. However, Automotive.com has developed a new widget that allows you to quickly and easily access this information right from the comfort of your own homeAll you will need to do is enter your zip code into the tool.
The end result is that you will be provided with a gasoline price list of local gas stations. Using this tool could really help you save hundreds of dollars over the course of time.
It is recommended that if you have a website you add this widget. Why, you ask?
Its no secret that the best way to keep your auto insurance premiums low is to avoid filing claims, which, in turn, means that you should do everything possible to avoid accidents. This months video is all about the crash avoidance technology that is built into todays cars. Enjoy.