Auto repair cost in the state ranked third highest in U.S. New York drivers paid an average of $1,935 for personal auto insurance in 2024, making it the fourth-most expensive state in the nation and representing a record high for New York, according to a new report from the Insurance Information Institute. The average premium […]
New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums
New York Governor Kathy Hochul unveiled proposals Jan. 22 to reduce auto insurance costs in New York through measures targeting fraud and reforming liability laws. New York residents pay an average of $4,000 annually for car insurance, approximately $1,500 above the national average, according to state data. Insurance carriers reported 38,270 incidents of suspected motor […]
Florida Auto Insurers Cut Rates as State Officials Credit Legal Reforms
Top five insurance companies continue to reduce rates following recent 6.5% reduction across 78% of the auto insurance marketplace. Florida Insurance Commissioner Mike Yaworsky said the state’s auto insurance market continues to see rate reductions from major carriers, which he attributed to legal reforms enacted over the past two years. Yaworsky recently announced that the […]
Sony Honda Mobility AFEELA Insurance Program to Offer Seamless Customer Experience Through Partner Network
Crash Champions is AFEELA partner for collision repair and maintenance services. Sony Honda Mobility of America Inc. (SHMA) announced its AFEELA Insurance provided by MOTER Technologies, Inc., a licensed insurance agency, will offer a seamless incident-to-claim experience for future AFEELA customers supported by its partner network. AFEELA Insurance partners/services include: Urgently: roadside assistance for vehicle […]
Auto Insurance Shopping Growth Slows but Remains Strong in Q3
As consumer seek new carriers, nearly one-third of rate filings in the third quarter were for lower premiums. Auto insurance shopping grew 6.4% year-over-year in the third quarter, marking a slowdown from earlier in 2025 but continuing a trend of elevated consumer activity, according to LexisNexis Risk Solutions’ quarterly Insurance Demand Meter. New policy growth […]
State Farm Partners with Volvo to Offer Insurance During Vehicle Purchase
State Farm and Volvo Car Financial Services announced a partnership Oct. 8 that will allow Volvo customers to obtain car insurance quotes while shopping for vehicles. The collaboration integrates insurance options into the vehicle purchase process at Volvo dealerships nationwide, connecting buyers with State Farm agents during the shopping experience. “Making insurance straightforward and simple […]
California Threatens to Suspend Tesla Insurance Operations
Insurance Commissioner initiates enforcement actions over claims handling violations. The California Department of Insurance has issued enforcement actions against Tesla Insurance Services, Tesla Insurance Company and State National Insurance Company, alleging the companies repeatedly failed to properly handle hundreds of policyholder claims. The actions could result in the companies losing their ability to transact insurance […]
US Personal Auto Insurance Segment Sustains Underwriting Turnaround Into 2025
First half direct loss ratio improved over 2024 even as average claim is up more than 10% from 2024. U.S. personal auto insurers saw the segment’s first-half 2025 direct loss ratio fall again from the same two previous six-month periods, indicating that the significant rebound experienced in 2024 may carry over through 2025, according to […]
Nearly Half of Auto Insurance Policies Shopped in Past Year
Premium rate reductions increased shopping activity. Consumer auto insurance shopping increased 9.4% year-over-year in the second quarter of 2025, while new policy growth rose 3.6%, according to data released August 19 by LexisNexis Risk Solutions. The analytics company’s quarterly U.S. Insurance Demand Meter found that 46.5% of policies in force had been shopped at least […]
Auto Insurance Shopping Remains Elevated as Carriers Face Retention Challenges
Auto insurance shopping increased 18% year-over-year in the second quarter of 2025, with shopping activity peaking in March before sustaining through May, according to TransUnion’s latest Insurance Personal Lines Trends and Perspectives Report. The report found that 42% of auto insurance shoppers switched carriers in the past 18 months, with 25% of recent switchers having […]
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