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Auto Insurance Prices Likely to Keep Rising

Most lines of insurance cycle between soft and hard markets over a number of years, which has a direct impact on the price of insurance. The auto insurance market is currently hardening after many years of a soft market, which has resulted in higher prices for both commercial and personal auto policies.

Between 2011 and 2016, competition between auto insurance carriers created a soft, buyer-friendly market. Since then, however, the high cost of claims and increasing costs of vehicle repairs have contributed to a noticeable transition in the market.

Contact Warren G. Bender Co. today. We can provide you with resources to help you understand and save on auto insurance, including our new article, “Coverage Insights – The Hardening Auto Insurance Market.”

Filed under: Auto,Personal Insurance — Jillian Bender-Cormier @ 11:22 pm May 3, 2017


Concussions Shown to Have Long-term Effects on Drivers

According to a new study from the University of Georgia, the effects of a concussion can persist in drivers even after the immediate symptoms have subsided.

The study placed drivers into a simulator 48 hours after they could no longer feel the direct effects of a concussion. Once in the simulator, researchers noted that the participants were likely to drive erratically and have less control. In fact, the researchers also noted that the driving patterns of the participants at times appeared similar to someone driving under the influence of alcohol.

Filed under: Auto,Safety — Jillian Bender-Cormier @ 10:32 pm March 15, 2017


The 5 Biggest Lies Told to Car Insurance Companies

Fudging on your car insurance application to save on the premium may seem like a harmless white lie, but it can spell trouble for you down the road.

A report by Quality Planning Corp. in San Francisco says car insurance companies lost $15.9 billion in 2008 from what it calls “premium leakage” — meaning loss of revenue due to the inability of insurers to keep track of changes in customers’ situations that affect prices. The number represents almost 10 percent of the total $167 billion in personal auto premium written.

“It’s a major problem, and some companies are taking it very seriously,” says Quality Planning senior vice president Bob U’Ren. His company designs solutions for insurers to validate policyholder information and cut premium losses. In other words, they’re in the business of making sure you’re telling the truth.

Here are the most common misrepresentations customers make to their car insurance companies. (more…)

Filed under: Auto,Personal Insurance — Jillian Bender-Cormier @ 4:38 pm June 22, 2016


The Dangers of Hands-free Devices

It’s commonly believed that hands-free accessories are a safe way to use cellphones while driving. However, more than 30 studies show that they are actually no safer than handheld devices.
Though hands-free devices are marketed as a way to keep a driver’s hands on the wheel, they present other dangers. For example, many of these devices require a driver to take his or her eyes off of the road—such as to navigate through an infotainment system or to ensure the accuracy of a voice-to-text system. In fact, new studies from the National Safety Council (NSC) show that drivers are more distracted by voice-to-text systems than typing a text message by hand.

Another study, released by the American Automobile Association (AAA), found that even when a driver’s eyes are on the road, the distractions from a hands-free device cause significant impairments. These include, but are not limited to, decreased awareness of surrounding traffic, a sense of tunnel vision and increased reaction time.

It’s always safest to drive with your mind clear of distractions, eyes focused on what’s in front of you and both hands on the wheel. Contact us today at (916) 380-5300 for more resources on safe driving practices.

Filed under: Auto,Personal Insurance,Safety — Jillian Bender-Cormier @ 7:00 pm January 27, 2016