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Insurance companies are quickly writing off cars due to rising repair and tech costs. Let’s take a look at the cogs leading to higher insurance premiums than ever before. All of that led to higher costs for insurance companies. What This Means for Your Wallet Ultimately, this all contributes to rising insurance premiums.
General Motors has been sued by the state of Texas for allegedly selling detailed driving records to insurance companies at a profit, the New York Times reported on Tuesday.
Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You can always call your insurance agent when you leave to get a quote. This is where gap insurance helps.
The Ford Mustang Mach-E is being offered with complimentary charging, insurance and servicing, but only until the end of the year. Ford’s six-month complimentary insurance offer is available to eligible customers who take out a 12-month policy and pay monthly. 100s of new car deals are available through CarExpert right now.
Chery duo Jaecoo and Omoda will work with UK industry body to improve security, ease of repair Chinese newcomers Omoda and Jaecoo have teamed up with a leading insurer-backed organisation in a bid to avoid the aftersales issues that have plagued insurers and customers since their compatriots started entering the UK market.
Polly has announced the launch of its new Professional Insurance Platform at NADA 2025 to empower dealerships to monetize the insurance process and improve gross profits. Polly brings a reimagined professional insurance platform tailored for franchise and independent dealers to NADA 2025.
According to Polly’s Q4 2024 Embedded Auto Insurance Report , auto insurance rates stabilized in 2024 after two years of steep increases. The average in-dealership insurance quote averaged $199 per month in 2024, a stark contrast to the volatile swings of prior years that saw insurance rate increases vastly exceed inflation.
RAV4 owner says Toyota’s data-sharing program raised insurance premiums, not discounts. A growing number of car manufacturers have come under fire over the past year for allegedly selling the driving data of owners to insurance companies. However, it can also cause insurance premiums to be jacked up.
Polly announced the results of its 2025 Embedded Auto Insurance Study , offering a deeper look into the shifting priorities of car buyers. As the cost of car ownership stabilizes at record highs, new consumer trends are reshaping the car-buying landscape with embedded insurance emerging as a vital component.
Car insurance premiums are expected to increase significantly in 2025, with experts projecting a rise of 7-10% on average. – Distracted Driving : The persistent issue of distracted driving continues to cause accidents, raising insurance costs. This is due to the potentially higher medical costs and increased risk of lawsuits.
Insurance for a Fiat Panda is now £137 cheaper than it was in November 2023 Car insurance can put a real sting in your wallet, but there are a few models out there with substantially lower premiums Car insurance is up there with the worst drivers of the cost of living crisis. Top 10 cheapest new cars to insure in the UK 1.
Car insurance premiums will rise by 22 percent during 2024, industry analysts predict. Get ready for a nasty shock the next time you need to renew your car insurance. Get ready for a nasty shock the next time you need to renew your car insurance.
One of the most critical steps following an accident is dealing with insurance companies. Insurance plays a vital role in covering medical expenses, vehicle repairs, and other costs that arise from the accident. The goal of insurance companies is to settle claims quickly and for as little money as possible.
Driving without insurance coverage is an issue that carries significant consequences, yet it remains a common practice among motorists. Some drivers opt to take this risk due to financial constraints, finding the cost of insurance premiums unaffordable or unjustifiably high relative to their income or perceived need.
The package includes road tax, servicing, insurance, breakdown cover, and tyre and windscreen repair. The company, which is owned by four major banks including Barclays and HSBC, blamed rises in the cost of servicing, insurance and new cars, including EVs.
Four people have been arrested in Los Angeles for allegedly committing insurance fraud by claiming a bear had attacked their vehicles, though it actually turned out to be a person in a bear costume. The state insurance department says the insurance companies were defrauded the amount of $141,839 as part of the alleged fraud case.
in 2017 and covered not only the vehicle but also maintenance and insurance in the one monthly price. Volvo ended its Care by Volvo subscription program in August, Automotive News (subscription required) has learned. The program was introduced in the U.S. Volvo now plans to return its focus to traditional sales and leasing models.
Will Tesla’s brand-specific insurance coverage help lower rising costs for Australian EV owners? US electric car giant Tesla has launched its brand-specific insurance cover in Australia, but some customers aren’t happy with the quotes they’ve received. We find out. RELATED: Are Teslas expensive to repair?
Jaguar Land Rover is accused of selling driver data to credit agencies and insurers. Credit agencies use this data to increase insurance premiums, affecting car owners. were selling driving data to insurers. JLR denies collecting customer data or engaging in data-sharing or selling practices.
The majority of dealers are giving GAP insurance sales a miss in the wake of FCA scrutiny. The GAP Insurance investigation has reinforced the importance of transparency, compliance, and customer-centric sales. This incredible agility demonstrates that GAP Insurance can be effectively reintroduced by retailers to rebuild revenue.
A class action lawsuit filed in the United States alleges Hyundai and Kia are sharing vehicle data, including trip reports and “hard braking” events, to insurance companies without owners’ consent. LexisNexis, a global data broker, has a Risk Solutions division which serves the insurance industry.
Lucid will also continue to pay for Peter Rawlinson’s health insurance premiums. Lucid will also continue covering his health insurance premiums. In 2022, stock options vested by the former CEO were valued at over $370 million. Lucid plans to more than double production this year to over 20,000 units.
The man suing Hyundai and Kia says his driving data was shared and triggered a $250 insurance premium increase. Hyundai and Kia have been accused of collecting driving data from their owners and selling it to insurance companies in the United States without consent. Will owns a 2019 Hyundai Santa Fe with a Bluelink subscription.
GM accused of selling data to 3rd parties, potentially affecting customer insurance rates. According to the class action, at least two of these firms generated “Driving Scores,” which were then sold to insurance companies. AG Ken Paxton sued GM for unlawfully selling the driving data of 1.8 million Texans.
This data can be used by insurance companies to set rates and deny insurance to drivers. This comes after allegations and an investigation from the Federal Trade Commission that suggested GM and OnStar were collecting, using, and selling sensitive data from millions of vehicles that could be used to set insurance rates.
A new report from one of Australia’s largest car insurance providers has uncovered a troubling gap between local motorists confidence in their car insurance knowledge and their actual understanding of what their policies cover. Australians are putting their hard-earned dollars towards car insurance as a safety net.
They put fraudulent info on my insurance that wasn’t there consent they didn’t have the right person on the insurance or the paper work. They lied about our quote on our insurance as well! Do not go to dealership.”
Sign up to learn about the huge changes to UK car insurance and how they will affect you Vehicle testing organisation Thatcham Research'snew Vehicle Risk Rating represents the biggest change to the car insurance industry in decades.
Why Not Use Insurance? Now, some readers might be asking why Wilkerson didn’t just file an insurance claim. Review: The 2025 Rivian R1S Is An Imperfect But Promising Look At The Future On top of that, insurance companies are totaling more vehicles than ever before. Well, he addressed that too.
Information collected by companies can be used to increase your insurance and loan rates. In the case of insurance , this data can be used to increase rates or flat out deny coverage. This includes things such as where you drive, when you drive, and how fast you’re going.
Deal done, his next job was to insure it. Insuring a foreign-registered car is usually no easy task for a Brit but, being fluent in French, Nick managed to negotiate a 30-day policy that insured him to drive not only in France but also to his home in the UK. He recently bought a 1977 Mk1 Ford Fiesta 1.1
While many insurance policies claim they’ll cover you for off-road driving, the devil is in the details, and it’s worth knowing exactly what you’re covered for before setting off on that big adventure. Yet one area often overlooked is 4×4 car insurance. Does car insurance cover off-road use?
Given the vandalism, it shouldn’t be surprising that 61% of owners said their insurance premiums have increased and this reportedly averaged $340 annually. The study also found that 66% of Tesla owners feel anxious about leaving their car unattended. That’s a considerable jump and 53% of owners expect another increase this year.
The National Insurance Crime Bureau has revealed car thefts have fallen to pre-pandemic levels after a surge driven by lax security on Hyundai and Kia vehicles. This made national news and prompted some insurers to drop or deny coverage. The most stolen vehicle was the Hyundai Elantra and it was closely followed by the Sonata.
Fast-forward to today, and sustainability has gone from an optional to a must-have for most industries, including automotive and insurance. The conversation underscored the importance of parametric insurance analytics solutions, which can provide coverage for climate-related events that traditional insurance often overlooks.
The cycle perpetuates as ransomware payments, often covered by insurance policies, incentivize further attacks. Despite FTC regulations and changes to compliance rules, dealerships remain vulnerable and must strengthen preventative measures to avoid these costly breaches.
Drivers’ Data to Insurers The allegations claim violations of the FTC Act and Maryland’s Consumer Protection Act, accusing Lindsay of consistently misleading customers about pricing. More: Texas Sues GM For Illegally Selling 1.8M
Does my car colour affect my insurance? Yes, depending on what colour a buyer opts for, a car’s colour can have an impact on a driver’s insurance policy. The insurance comparison website gathered data from insurers who offer various and blanket pricing on different car colours across the same make and model.
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