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Based on an ongoing study, the Insurance Research Council has estimated that anywhere from $5.6 billion to $7.7 billion of auto insurance injury claims in the U.S. in 2012 are fraudulent or contain exaggerated values. Collectively known as "Claims Fraud and Buildup", these types of claims constituted 13 to 17% of total payouts from insurers participating in the study. At the higher end of the...

Effective January 2015, the minimum liability limits required for auto insurance policies in Illinois have been raised by members of the 98th General Assembly . Limits have increased by $5,000 for bodily injury per person and $10,000 per accident, and by $5,000 for property damage coverages. The increased limits will be reflected in new and renewed auto insurance policies underwritten for...

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Coverage matters to consider before becoming a rideshare driver or passenger With dollars stretched tight in the current economy and jobs remaining scarce for many, it’s little wonder why more Americans are seeking creative ways to earn a wage today. One avenue for extra revenue is to join the rideshare bandwagon, whereby you use your own car and driving skills, at times of your choice, to...Read more

Distracted driving is a major cause of most car accidents, and distractions caused by cell phone usage is a growing concern as mobile devices become more important in our lives. The team of analysts at ValuePenguin recently conducted a survey to learn more about cell phone usage behind the wheel. Cell phone usage refers to using apps, emails, texting, or gaming while driving, but not taking calls...Read more

What does the car insurance picture look like in Modesto, the largest city in Stanislaus County? Based on our California car insurance rates study , the city was 4% more expensive compared to the statewide average. For our 34-year old married profile driver, basic-coverage auto insurance policy in Modesto would cost $1,535 a year. When we analyzed the city by neighborhoods, average rates for auto...Read more

A significant, but largely unnoted, portion in the cost of car insurance is where a driver and his car are located. To quantify how much auto insurance rates can range based solely on where motorists live, the team of analysts at ValuePenguin compared auto insurance quotes in West Virginia to see which cities had the best rates, and which cities were the most expensive. We used as our benchmark...Read more