Car Insurance Price May Go up in 2010 in USA and UK

I saw two news items in this regard that car insurance cost may go up in 2010. This is bad news. The main reason for this thing is perhaps economic recession that hurt USA throughout the year and now UK is suffering from a lot. I found in a press release today that in the last one year, in Britain, nearly half a million people drove car without insurance.

The Sainsbury's Car Insurance findings reveal that over the past 12 months an estimated 516,000 people may have driven a car in the UK without insurance. The majority of these people are men, and in terms of their age most are 24 and under or over 65.

A further estimated 409,000 people may have driven abroad without insurance recently.

You can read the two reports too:

Tenn. Car Insurance Rates Go Up In 2010

Car insurance faces 2010 cost pressures

It seems that although the worst of economic recession is over, its impact is going to remain in 2010 too- at least for the car insurance sector. 

Free Car media May help you with Auto Insurance

This is a very nice idea. You drive your car and it is painted with advertisements. In return you get some cash every month. Thus the concept of Free Car Media has caused some massive amount of interest in Internet, according to Google Trends. The only bad part is that your car will look the beautiful appearance and it will look like a junk billboard most of the time. Just imagine that you are going out with an advertisement of a company printed in your dress. It is not fun, is it?

However, because of economic recession and because of increasing unemployment in the US, many people would perhaps not mind to get some money. I tried to search a lot about the offers of free car media but I could not get any concrete information about it. Personally, I think that it is a good idea and it can really help you to at least pay the auto insurance. In USA, almost everyone has a car and most families have more than one cars. So, auto insurance is always a big headache for many families. So, if free car media advertisements can bring you the money that would pay your insurance for your vehicle then it is not a bad deal.

However, just remember that there are some scams in the name of this idea. So, always be careful about it. My suggestion is that do some search before taking any decision and then go for it if you need some extra cash. It wont harm you.

You can find more information in the following links:

Free Car Media Says You Could Get Paid to Drive

Free car media -- easy cash or scam?

Car Insurance: Reduction in Nova Scotia

Car insurance is not something that we like to have. We have to have them but we don’t love them. So, any reductions make us happy. I guess some drivers in Nova Scotia will be happy to find that they are getting some reduction.

The Chronicle Herald reported:

Some drivers in Nova Scotia got a break on their auto insurance Friday.

Allstate Insurance Company of Canada announced in a press release it will reduce auto insurance rates in Nova Scotia by 12 per cent on average and Pembridge Insurance Company says it will cut rates by 10.5 per cent this year.

"Every Allstate policyholder in Nova Scotia with full coverage will see their premiums go down in 2007," said Christianne Dostie, Allstate vice-president. "Allstate is committed to offering a high-quality insurance product at the most affordable and appropriate price, along with exceptional customer service in a stable and thriving insurance market in Nova Scotia."

Allstate policyholders can expect a reduction of 12 per cent on average.

Too bad that I do not live in Nova Scotia. Then I could get some reductions.

Saving on Your Car insurance Premiums: Tips from Better Business Bureau

Yes, this is perhaps a billion dollar question. All the car owners have to fight with this matter every where. The Better Business Bureau has some cool tips. Some of the tips are:

- Combine policies with one carrier. It makes sense to insure all vehicles under one policy. But you can also get a multi-vehicle discount if you insure a trailer or recreational vehicle on the same policy as your car. Also, many auto insurers will reduce your car premium if you buy other coverage from them, such as homeowners' and life insurance. But don't switch carriers unless the rates for the other policies are competitive.

- Buy a car that costs less to insure. Expensive high-performance cars are fun to drive, but they're costly to repair and the premiums can run two to three times higher than less expensive cars.

- Equip your new car with safety gear. An approved alarm system or other devices that deter theft can get you a savings of 5 to 10 percent. Air bags for both driver and passenger can reduce injury, and costly medical bills in an accident, and may qualify you for a discount.

To know about all the tips visit this url:

http://www.mywesttexas.com/site/news.cfm?newsid=17799221&BRD=2288&PAG=461&dept_id=475590&rfi=6

These are really helpful tips. I hope you can get benefited from them.

Education: A Big Factor in Car Insurance?

I always thought that the rate of car insurance should be equal for everyone. However, it seems that many car insurance companies do not share my idea. Some of them determine their rates according to the education level of the car owner.

News-journalonline.com reported:

Is it fair to make a janitor pay $112 more than a lawyer to insure a car in Florida?

GEICO and a few other insurers say yes, because blue-collar workers are more likely than professionals to have accidents.

State Insurance Commissioner Kevin McCarty has begun looking into the issue, nearly a year after the Consumer Federation of America first urged regulators throughout the nation to scrutinize GEICO's billing methods.

J. Robert Hunter, insurance director for the Washington-based advocacy group, said his organization had documented that GEICO is using a driver's education level and occupation as factors in setting premiums for vehicle owners in nearly every state, including Florida. At least three other insurers -- Allstate, Progressive and Liberty Mutual -- have begun doing the same thing but to a lesser extent.

What is your idea about this whole matter?

Car Insurance Fraud Getting Busted: Car Insurance Rate Falling

Car insurance fraud is a growing problem in the western countries. Many times, car owners claim false accidents and get money. Thus, it drives the price of the insurance up for everyone. For few bad people, everyone is suffering. However, in Massachusetts, a fight back is taking place and this is helping everyone.

Southcoasttoday.com reported:

High-profile crackdowns on auto insurance fraud have resulted in dramatic savings for drivers in some Massachusetts communities.

The statewide average premium is scheduled to drop by nearly 12 percent on April 1, but drivers in some communities where antifraud task forces have been operating will see even greater savings, with premiums falling 24 percent in Lawrence and more than 15 percent in some Boston neighborhoods.

Drivers in Lawrence, the first Massachusetts community to target insurance fraud in 2003 following a case in which a grandmother died in what police called a staged accident, will see the average annual premium drop to $1,379 from $1,815.

In Boston's Dorchester section, drivers will see the average premium fall to $1,670 from $2,033, a reduction of almost 18 percent.

A good initiative indeed. If every community could take this kind of initiative then we would suffer less.