Auto Insurance Fraud Becoming More Prevalent
Written by Christina Williams on January 10, 2012 – 9:19 pmAuto insurance fraud is something that is becoming a problem in many states. Many politicians have tried to enact laws that will try to deter people from engaging in fraud but it is still going on every day in all of the 50 states.
A man from Peabody named Robert Geller decided to plead guilty to charges that he used his auto repair shop and glass repair shop to commit car insurance fraud. The man allegedly was able to bilk auto insurance companies to the tune of $28,000.
In all the man who is 53 years old was charged with a total of twenty counts of auto insurance fraud, eighteen counts of larceny over $250, and two counts of attempoted larceny.
As a part of his agreement with the Attorney Generals office, he must pay back all of the money that he obtained fraudulently and he will be on probation for nine months.
What Mr.
Tags: Auto Insurance, Auto Insurance Fraud, Becoming, Insurance Fraud
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MA Now Makes It Illegal to Consider a Credit Score When Assigning Auto Insurance Premiums
Written by Christina Williams on December 3, 2011 – 4:38 amThe economy is in a down turn and it is important for people to be insured. The state of Massachusetts has now made it illegal for auto insurance providers to use a persons credit score when underwriting their insurance policy.
This is great news for Massachusetts drivers because many people in the state are unemployed or deep in debt and have low credit scores. For years, many residents have argued that there is a line between being a responsible driver and being someone who is financially responsible.
A credit score is made up of many different things. This includes a person’s amount of debt, number of open accounts, and their payment history. S
Tags: Auto Insurance, Insurance
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Cheap Auto Insurance Checklist
Written by Admin on November 17, 2011 – 2:52 pmThere are a lot of tips you can apply in order to make your car insurance more affordable, but it is always best to start with an affordable car insurance in the first place. This is why you need to focus on several important things before you start applying some of the best money saving tips on your car insurance. In this article, we are going to discuss the cheap auto insurance checklist to go through in order to get the best auto insurance rate.
Start by searching for auto insurance alternatives online. This is a relatively easy task to complete, especially since you have a number of online tools that you can use to help you. Read full article…
Tags: Auto Insurance
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How to Avoid an Increase in your Auto Insurance Rates
Written by Tayla Wienholt on September 26, 2011 – 2:52 am
In today’s lawsuit-happy world, it’s as important as ever to have quality auto insurance coverage that protects you against the many risks on the roads. One major downside is that auto insurance must be purchased from insurers who are generally publicly traded companies with shareholders who demand profitable quarters and returns on their investments. As such, many individuals will see an increase in their auto insurance rates as the years pass, simply because their insurer needs to make money. In this article, we’ll look at how to avoid an increase in your auto insurance rates through a number of different means.
The first tip to avoid an increase in your auto insurance rates is pretty obvious: avoid getting in an accident where you are considered the “at fault” party. Accidents
Tags: Auto Insurance, Insurance
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Great Credit Can Save You Thousands in Auto Insurance
Written by Zachary Jones on June 20, 2011 – 11:12 amIt’s becoming common knowledge that having a good credit score will save you money on your auto insurance rates, but it’s unclear exactly how much it will save you. Based on a recent CarInsurance.com study, drivers with credit ratings over 750 save about $783 a year on their auto insurance quotes when compared with a typical driver in the same age group with average credit scores. The study used 42,809 auto insurance quotes to determine this figure and the results are surprising.
If you calculate this out over a lifetime of driving, a person with excellent credit can save approximately $22,815 on their auto insurance premiums. Credit is only one factor out of many that insurers use to calculate quotes but it’s becoming increasingly important. Auto in
Tags: Auto Insurance, Insurance
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