Rising Living Costs Lead Americans to Cut Back on Car and Home Insurance
Rising living costs and recession fears are causing Americans to reduce auto and home insurance coverage, with significant rate hikes expected in 2025 by major insurers.
Rising living costs and recession fears are causing Americans to reduce auto and home insurance coverage, with significant rate hikes expected in 2025 by major insurers.
Progressive partners with DC Studios to promote its Accident Response feature through the Superman film release, blending pop culture and insurance technology for enhanced consumer engagement and growth.
Inshur has raised $35 million from Trinity Capital to develop AI-powered embedded auto insurance solutions for autonomous vehicles, targeting U.S. expansion and on-demand service platforms like Uber and Amazon Flex.
IMPROVLearning's DMV-approved defensive driving course offers New York drivers a guaranteed 10% auto insurance premium reduction amid significant rate hikes since 2023. Learn how this online program supports compliance and cost savings for policyholders and insurers.
The Third Circuit reversed a class action certification against Progressive over total loss valuation methods involving Projected Sold Adjustments, emphasizing individualized claim analysis.
Lemonade expands into Indiana's $5B auto insurance market leveraging AI, telematics, and bundling strategies to drive premium growth and approach profitability by 2026.
Texas is set to implement major 2025 reforms impacting auto insurance rate classifications, allowing kei cars, and replacing paper temporary tags to reduce fraud. Key regulatory updates for insurers and stakeholders.
Allstate's 2025 report identifies US cities with highest and lowest auto collision frequencies, highlighting key regional risk differences for insurers.
Iowa, Louisiana, and Pennsylvania enforce new distracted driving laws banning handheld cell phone use, aiming to improve road safety and influence auto insurance costs in affected states.
Explore how U.S. auto insurance premiums fluctuate and how major insurers like AAA, Liberty Mutual, and Esurance offer diverse coverage options. Learn the benefits of using online platforms for comparing insurance rates and understanding key factors affecting premiums.