Amidst the nationwide debate over President Obama’s major health care initiative, an interesting question is frequently posed: Why is auto insurance mandated by the federal government when health care coverage is clearly not?
While that statement is certainly thought-provoking, it’s not entirely accurate.
The first problem with the assertion is that auto insurance coverage is only mandated. The
Auto insurance claims are on the rise across the country according to a new report released by the Insurance Research Council (IRC). The report, issued this week, found that the increase in costs is reversing previous trends of relatively stable costs that have even declined in some cases.
The new Insurance Research Council report, titled ”Trends in Auto Injury Claims, 2011 Edition,” has revealed some shifts in previous auto insurance claims trends.
In the previous few years, reports from the IRC found that while injury claim severity (the average cost of injury claims) has been on the rise, it has always been offset by declining claim frequency. Howe
Car insurance fraud is something that many auto insurance companies face on a daily basis. It is very sad that criminals feel it necessary to take advantage of their auto insurers by staging accidents and filing false auto claims for accidents that they faked on purpose. Law enforcement officials have begun cracking down on people who engage in this type of illegal activity.
In Tampa Bay, Florida law enforcement officers from Hillsborough County took action against multiple assailants who have allegedly staged car accidents. The police involved call their investigation into the auto insurance fraud “Operation No Pain No Gain”. Off Read more…
There are many resources out there that discuss who is the best auto insurance company.
Low-insurance.org offers a way for shoppers to comparison shop auto quotes. Our collection of local and online agencies represent many ‘A’ rated Carriers. Although this is a fact, it never hurts to take a look for yourself and see the financial strength of the Insurance Carrier that is offering you the best rates for the coverage you need. Reviewing the insurance company will help you verify that the insurer you go with will indeed deliver you the coverage (and potentially benefits) which come with it.