INSURASALES

Tag: Auto Insurance

North Carolina Approves 5% Auto Insurance Rate Increase with Lower Motorcycle Rates

North Carolina's Insurance Commissioner approves a 5% average increase in automobile insurance rates and a 16.3% decrease in motorcycle liability premiums, highlighting regulatory adjustments and market impacts starting October 1, 2025.

Autonomous Vehicles to Reshape U.S. Auto Insurance with Liability and Cost Shift

Autonomous vehicles are projected to reduce U.S. auto insurance costs while shifting liability toward product and cyber insurance, reshaping underwriting and market dynamics by 2040.

Car Insurers Shift Focus from Speeding Tickets to Suspended Licenses

Car insurance companies are prioritizing suspended licenses over speeding tickets in underwriting and pricing strategies, indicating an evolving approach to risk assessment.

North Carolina Auto Insurance Rates to Increase 5% from October 2025

North Carolina announces a 5% average auto insurance rate hike effective October 2025 under a settlement with the Rate Bureau. Insights on market impact and regulatory context.

Maryland Police Officers Plead Guilty in Multi-Vehicle Auto Insurance Fraud Scheme

Two Maryland police officers pled guilty to orchestrating an auto insurance fraud scheme involving staged vehicle thefts and falsified police reports, resulting in significant fraudulent insurance payouts. Their sentencing highlights enforcement efforts against insurance fraud in law enforcement.

Mobile App Tracking Influences Auto Insurance Pricing Dynamics

Explore how mobile app tracking impacts auto insurance pricing and the regulatory challenges insurers face leveraging driving data for risk assessment.

Rising Insurance Costs Linked to Advanced Vehicle Safety Tech Repairs

Explore why advanced driver assistance systems are increasing auto insurance costs despite reducing accident claims, impacting repair expenses and insurance premiums.

Former Progressive CEO Glenn Renwick Dies in Florida Car Accident

Glenn Renwick, former CEO and Chairman of Progressive, died in a multi-vehicle accident in Florida. This event has implications for leadership transitions, vehicle safety, and insurance risk assessment.

U.S. Auto Insurance Rates Expected to Rise 7.5% in 2025

US auto insurance premiums are projected to increase 7.5% in 2025 due to claims from natural disasters, repair cost inflation, and market dynamics, with notable regional variations.

Texas Passes Law Ending Insurance 'Widow Penalty' on Auto and Home Policies

Texas enacts Senate Bill 1238 to end the insurance 'widow penalty,' preventing rate hikes for surviving spouses on auto and home insurance. Effective Sept 2025.