To many people car insurance is daylight robbery in many ways, you cannot get away without it, the premiums keep rising and more often than not you do not receive the amount you thought your car was insured for in the event of an accident. So how can you reduce your car insurance while retaining the cover that is applicable to you?
There are many ways to reduce you cover which include :-
Travelling fewer miles – many car insurance policies these days will give you a reduction if you travel under a certain amount of miles. However, they will not hand this saving to you, you need to ask!
Security – the simple introduction of a car alarm can and does affect the level of your premiums and offers you the chance to reduce them. The amount may not be massive but it all adds up!
Smaller car – Many people who drive larger cars will have seen their insurance go through the roof over the last couple of years. Driving a smaller car will not only save you petrol but it will be cheaper to insure – unfortunately where you have a family this may not always be possible.
"Car owners might as well follow these suggestions. This might help in the long run."
Wednesday, November 19, 2008
Monday, November 17, 2008
State Farm to trim auto insurance rates in Florida
By Julie Patel
State Farm Mutual Automobile Insurance Co., the largest automobile insurer in Florida, will slightly lower its statewide average annual premium this month, the insurer said Friday.
The rate cut, which will take effect Oct. 27, will save consumers $6.5 million on 2.5 million policies statewide. That will be an average savings of $2.60 per policy a year. But the effect for individual policyholders will vary greatly depending on several factors.
The 0.3 percent rate cut, combined with decreases in 2004, 2005 and 2007, means State Farm's auto insurance premiums will be 7 percent less than they were in 2003.
State Farm has been able to lower rates during the past few years because its anticipated costs have fallen, said company spokesman Justin Glover.
"Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven," State Farm wrote in a statement.
The move comes weeks before State Farm Florida Insurance Co. is expected to defend a proposed 47 percent average statewide increase for homeowners' insurance policies before an administrative law judge. The Office of Insurance Regulation has said it plans to reject the increase.
$6.5 million
Savings to consumers statewide
2.5 million
Policies affected statewide
$2.60
Average savings per policy.
"This is good news."
State Farm Mutual Automobile Insurance Co., the largest automobile insurer in Florida, will slightly lower its statewide average annual premium this month, the insurer said Friday.
The rate cut, which will take effect Oct. 27, will save consumers $6.5 million on 2.5 million policies statewide. That will be an average savings of $2.60 per policy a year. But the effect for individual policyholders will vary greatly depending on several factors.
The 0.3 percent rate cut, combined with decreases in 2004, 2005 and 2007, means State Farm's auto insurance premiums will be 7 percent less than they were in 2003.
State Farm has been able to lower rates during the past few years because its anticipated costs have fallen, said company spokesman Justin Glover.
"Overall premium changes for individual motorists will vary depending on factors such as the coverages they carry, the discounts for which they qualify, where they live, the kind of car insured, who drives it and how much it is driven," State Farm wrote in a statement.
The move comes weeks before State Farm Florida Insurance Co. is expected to defend a proposed 47 percent average statewide increase for homeowners' insurance policies before an administrative law judge. The Office of Insurance Regulation has said it plans to reject the increase.
$6.5 million
Savings to consumers statewide
2.5 million
Policies affected statewide
$2.60
Average savings per policy.
"This is good news."
Saturday, November 15, 2008
Warning to the young: don't cut corners on car cover
Continued...
More Than estimates that it costs the firm £250 to install the GPS technology – money well spent according to Mr Maxwell: "We are trying to understand the dynamics of the young driver market and see what technology can do for us and the policyholder. The big idea is to price more accurately, so responsible younger drivers can avoid very high premiums."
Those who do not like the sound of a curfew can take more conventional steps to reduce their premiums. "Look at taking the Pass Plus driving course. This advanced qualification can bring discounts of 10 per cent on premiums," says Mr Nelson.
Mr Lewis argues that taking a little time to consider what type of vehicle you want can offset some of the financial pain. "Go for a smaller car in a low insurance group. And consider if you should go with third party, fire and theft cover rather than fully comprehensive, and whether you need the car for commuting or just leisure driving."
Mr Maxwell recommends paying a voluntary excess. "Younger drivers will have an excess imposed, but by agreeing to a slightly larger one, the premiums can be cut."
But the overall message from insurers is not to be tempted to go in for fronting. "One of the first things we check when a claim comes in is whether there has been any fronting," says Mr Maxwell. "It's not a wise move."
'Why would any 18-year-old buy car insurance?'
Kev O'Sullivan, 26, fronted for three years between 2000 and 2003 while at university, without realising he was doing anything wrong. "I had a Fiesta insured in the name of my parents but I took it to university with me. It was only afterwards that I realised I had been fronting"
He was far from alone in fronting while at university in Warwick. "The campus is quite out of town, so lots of students drive and all the ones I knew were insured in the name of their mothers or fathers. It was the only way that premiums were even remotely affordable. Why would any 18-year-old buy car insurance?
"I suppose I did have a niggling doubt at the back of my mind that what I was doing wasn't 100 per cent legit, but I never thought that the insurance could be invalid. There needs to be more information for students with cars."
When he graduated, he decided to transfer the cover to his own name to build up a no-claims discount. "I started to pay my own way in life and moved to London with my car."
But Kev, who now lives in Hampstead, north London, and works in marketing, no longer drives. "The Fiesta is parked in a garage at my parents' house and is legitimately insured. I haven't driven it since 2006."End.
Source
More Than estimates that it costs the firm £250 to install the GPS technology – money well spent according to Mr Maxwell: "We are trying to understand the dynamics of the young driver market and see what technology can do for us and the policyholder. The big idea is to price more accurately, so responsible younger drivers can avoid very high premiums."
Those who do not like the sound of a curfew can take more conventional steps to reduce their premiums. "Look at taking the Pass Plus driving course. This advanced qualification can bring discounts of 10 per cent on premiums," says Mr Nelson.
Mr Lewis argues that taking a little time to consider what type of vehicle you want can offset some of the financial pain. "Go for a smaller car in a low insurance group. And consider if you should go with third party, fire and theft cover rather than fully comprehensive, and whether you need the car for commuting or just leisure driving."
Mr Maxwell recommends paying a voluntary excess. "Younger drivers will have an excess imposed, but by agreeing to a slightly larger one, the premiums can be cut."
But the overall message from insurers is not to be tempted to go in for fronting. "One of the first things we check when a claim comes in is whether there has been any fronting," says Mr Maxwell. "It's not a wise move."
'Why would any 18-year-old buy car insurance?'
Kev O'Sullivan, 26, fronted for three years between 2000 and 2003 while at university, without realising he was doing anything wrong. "I had a Fiesta insured in the name of my parents but I took it to university with me. It was only afterwards that I realised I had been fronting"
He was far from alone in fronting while at university in Warwick. "The campus is quite out of town, so lots of students drive and all the ones I knew were insured in the name of their mothers or fathers. It was the only way that premiums were even remotely affordable. Why would any 18-year-old buy car insurance?
"I suppose I did have a niggling doubt at the back of my mind that what I was doing wasn't 100 per cent legit, but I never thought that the insurance could be invalid. There needs to be more information for students with cars."
When he graduated, he decided to transfer the cover to his own name to build up a no-claims discount. "I started to pay my own way in life and moved to London with my car."
But Kev, who now lives in Hampstead, north London, and works in marketing, no longer drives. "The Fiesta is parked in a garage at my parents' house and is legitimately insured. I haven't driven it since 2006."End.
Source
Friday, November 14, 2008
Warning to the young: don't cut corners on car cover
Continued...
Insurers admit that it's hard to tell when fronting is going on – until, that is, a claim is received.
"People are at their most honest when they are calling initially after an accident," adds Mr Lewis. "They don't have time for a cover story, so this is often when they tell us they are the main driver, rather than their parent."
Even if the claimant doesn't come clean, there are some other key indicators. "Our claims handlers will look at where the accident occurred and compare it to the address on the insurance policy," Mr Lewis says. "For example, if the car is insured in a parent's name at an address in Newcastle but is involved in an accident in a university town such as Oxford, then fronting may be happening."
Fronting may also prove a false economy in the long run. Not only are you driving with insurance that is likely to prove invalid if you have an accident, but you will not be establishing the crucial no-claims record. "This is the passport to cheaper premiums. It's best to bite the bullet and start building it up as quickly as possible," says Erik Nelson from Norwich Union (NU), the UK's biggest insurer.
NU has adopted a novel approach to help younger drivers, aged 17 to 29, build up their no-claims: "We offer a rapid bonus scheme. Basically, you insure the car in a block of nine months, at the end of which you are credited with a full year's no-claims bonus," explains Mr Nelson. "In effect, you can build up a full five-year bonus in under four years."
But NU recently called a halt to its pay-as-you-go insurance initiative, which offered younger drivers the chance to save substantially on premiums. The scheme relied on GPS technology: the drivers would have a box installed and these would monitor their driving. At the end of the month, they would receive a bill based on the miles covered and the time of day the car was used. The idea was that motorists who covered fewer miles and drove at periods – during the daytime but outside rush hours – when it was statistically less likely they would be involved in an accident would not have to pay as much for car insurance.
"The scheme was open to young drivers and we were able to cut their premiums. We saw a 30 per cent fall in accident rates as people thought about their car use," says Mr Nelson. "We had hoped, though, that the car manufacturers would start offering the GPS boxes as standard. "Ultimately, the expense meant we had to call a pause."
As part of its Drive Time initiative, More Than uses the same technology to impose what amounts to a curfew on 17- to 22-year-olds: cheaper premiums are on offer in return for agreeing not to drive between 11pm and 6am. The GPS technology will allow the insurance firm to see if the car has been used during these hours, and a £25 penalty will be imposed. "People can drive during the night time," says Mr Maxwell at More Than, "but they will have to pay for the privilege."Continued...
Insurers admit that it's hard to tell when fronting is going on – until, that is, a claim is received.
"People are at their most honest when they are calling initially after an accident," adds Mr Lewis. "They don't have time for a cover story, so this is often when they tell us they are the main driver, rather than their parent."
Even if the claimant doesn't come clean, there are some other key indicators. "Our claims handlers will look at where the accident occurred and compare it to the address on the insurance policy," Mr Lewis says. "For example, if the car is insured in a parent's name at an address in Newcastle but is involved in an accident in a university town such as Oxford, then fronting may be happening."
Fronting may also prove a false economy in the long run. Not only are you driving with insurance that is likely to prove invalid if you have an accident, but you will not be establishing the crucial no-claims record. "This is the passport to cheaper premiums. It's best to bite the bullet and start building it up as quickly as possible," says Erik Nelson from Norwich Union (NU), the UK's biggest insurer.
NU has adopted a novel approach to help younger drivers, aged 17 to 29, build up their no-claims: "We offer a rapid bonus scheme. Basically, you insure the car in a block of nine months, at the end of which you are credited with a full year's no-claims bonus," explains Mr Nelson. "In effect, you can build up a full five-year bonus in under four years."
But NU recently called a halt to its pay-as-you-go insurance initiative, which offered younger drivers the chance to save substantially on premiums. The scheme relied on GPS technology: the drivers would have a box installed and these would monitor their driving. At the end of the month, they would receive a bill based on the miles covered and the time of day the car was used. The idea was that motorists who covered fewer miles and drove at periods – during the daytime but outside rush hours – when it was statistically less likely they would be involved in an accident would not have to pay as much for car insurance.
"The scheme was open to young drivers and we were able to cut their premiums. We saw a 30 per cent fall in accident rates as people thought about their car use," says Mr Nelson. "We had hoped, though, that the car manufacturers would start offering the GPS boxes as standard. "Ultimately, the expense meant we had to call a pause."
As part of its Drive Time initiative, More Than uses the same technology to impose what amounts to a curfew on 17- to 22-year-olds: cheaper premiums are on offer in return for agreeing not to drive between 11pm and 6am. The GPS technology will allow the insurance firm to see if the car has been used during these hours, and a £25 penalty will be imposed. "People can drive during the night time," says Mr Maxwell at More Than, "but they will have to pay for the privilege."Continued...
Thursday, November 13, 2008
Warning to the young: don't cut corners on car cover
Don't go on your parents' policy if you're the main driver – there are legal ways to reduce the high cost.
By Julian Knight
The escalating cost of motoring has come as a shock to many recently as they fill up at the pumps, but for young drivers, the financial pain is nothing new – it's been part of the landscape for years. This is due to the huge cost of car insurance. Statistics show that younger motorists are many times more likely than the rest of us to be involved in an accident, and even to have their cars stolen, and this is reflected in the premiums.
"Young drivers can routinely pay upwards of £1,500 for car cover," says Keith Maxwell, the head of products at insurer More Than. "The quickest way to cut this is by building up a no- claims bonus, which can ultimately reduce premiums by half to two-thirds."
Another popular way round high insurance costs is for young people to be put on their parents' cover. This can mean huge savings as the premiums are based on the claims record, age, driving history and occupation of the mothers and fathers, rather than the children. The fee for becoming a named driver can be as low as 10 per cent of the cost of the premium.
However, insurers report that a dangerous game is being played by people choosing this option, as in reality the younger driver is often the main driver. This is a practice known in the industry as "fronting" and technically it is fraud. And this time of year, when thousands of teenagers are going away to university, is prime fronting season.
"Students and their parents are often unwittingly committing fronting. The younger person takes the car away and in effect becomes the main driver, yet the policy still has the parent's name on it," says Keith Lewis from insurer Zurich.
"People either don't think about what they are doing or simply assume it's legal. It's not. Not only can it lead to a claim being refused but also both the young person and their parents can be charged with insurance fraud."Continued...
By Julian Knight
The escalating cost of motoring has come as a shock to many recently as they fill up at the pumps, but for young drivers, the financial pain is nothing new – it's been part of the landscape for years. This is due to the huge cost of car insurance. Statistics show that younger motorists are many times more likely than the rest of us to be involved in an accident, and even to have their cars stolen, and this is reflected in the premiums.
"Young drivers can routinely pay upwards of £1,500 for car cover," says Keith Maxwell, the head of products at insurer More Than. "The quickest way to cut this is by building up a no- claims bonus, which can ultimately reduce premiums by half to two-thirds."
Another popular way round high insurance costs is for young people to be put on their parents' cover. This can mean huge savings as the premiums are based on the claims record, age, driving history and occupation of the mothers and fathers, rather than the children. The fee for becoming a named driver can be as low as 10 per cent of the cost of the premium.
However, insurers report that a dangerous game is being played by people choosing this option, as in reality the younger driver is often the main driver. This is a practice known in the industry as "fronting" and technically it is fraud. And this time of year, when thousands of teenagers are going away to university, is prime fronting season.
"Students and their parents are often unwittingly committing fronting. The younger person takes the car away and in effect becomes the main driver, yet the policy still has the parent's name on it," says Keith Lewis from insurer Zurich.
"People either don't think about what they are doing or simply assume it's legal. It's not. Not only can it lead to a claim being refused but also both the young person and their parents can be charged with insurance fraud."Continued...
Tuesday, November 11, 2008
Gamers get car insurance discount
by Mike Bantick
Allstate Corp – an insurance company in the US – is trialling a program that could see insurance premium discounts given to folks over 50 who gain high scores in video games.
With the average age of video gamers on the rise, it seems only natural that there be a flow on effect in other industries.
From Pennsylvania comes the news of a pilot program called InSight. Run by Allstate Corp, the program is designed to determine the positive effects video games could have on the safety record of drivers aged 50 to 75.
Accident rates for the group will be compared to a control group of non game players.
Unfortunately the test group are not playing Gran Turismo 5 Prologue, Grand Theft Auto or any of the Burnout series. Instead the games are a specific selection chosen for their cognitive stimulation.
As an example; “Jewel Diver” has players track underwater gems hidden by fish, in a digital version of the pea in the cup game.
All games are part of the PositScience InSight suite of Visual Training exercises designed to exercise aspects such as field of view and sharpening visual precision.
The test group will complete at least ten hours of training on InSight. 100,000 Pennsylvanian drivers will take part in the pilot program with Allstate considering a roll out to other states next year.
According to the CNN report , people aged in their 50’s and 60’s have the lowest accident rate of all drivers, but after the age of 60 the rate ramps up again. Allstate are hoping that the brain fitness video games can turn this trend, and also improve the high scores of Pennsylvanian Seniors.
"This is cool. I hope the oldies will enjoy."
Allstate Corp – an insurance company in the US – is trialling a program that could see insurance premium discounts given to folks over 50 who gain high scores in video games.
With the average age of video gamers on the rise, it seems only natural that there be a flow on effect in other industries.
From Pennsylvania comes the news of a pilot program called InSight. Run by Allstate Corp, the program is designed to determine the positive effects video games could have on the safety record of drivers aged 50 to 75.
Accident rates for the group will be compared to a control group of non game players.
Unfortunately the test group are not playing Gran Turismo 5 Prologue, Grand Theft Auto or any of the Burnout series. Instead the games are a specific selection chosen for their cognitive stimulation.
As an example; “Jewel Diver” has players track underwater gems hidden by fish, in a digital version of the pea in the cup game.
All games are part of the PositScience InSight suite of Visual Training exercises designed to exercise aspects such as field of view and sharpening visual precision.
The test group will complete at least ten hours of training on InSight. 100,000 Pennsylvanian drivers will take part in the pilot program with Allstate considering a roll out to other states next year.
According to the CNN report , people aged in their 50’s and 60’s have the lowest accident rate of all drivers, but after the age of 60 the rate ramps up again. Allstate are hoping that the brain fitness video games can turn this trend, and also improve the high scores of Pennsylvanian Seniors.
"This is cool. I hope the oldies will enjoy."
Sunday, November 9, 2008
New Texas database to help catch car insurance scofflaws
By Erin Quinn
It just got harder for the more than 4 million drivers in Texas who either don’t have insurance or carry a phony insurance card to try to pull a fast one over law enforcement, state officials say.
Last week, the state launched a database that allows officers to instantly check whether drivers are insured.
“If you don’t have liability insurance for your vehicle, your chances of getting a ticket just went up dramatically,” said Texas Department of Public Safety Lt. Louis Sanchez.
Statewide, all DPS officers already are using the database, said DPS spokesman Tom Vinger.
Within a couple of weeks, Waco police will begin checking insurance with the system after the department’s administration has decided how and when the database will be used, officer Steve Anderson said.
McLennan County Sheriff Larry Lynch and Chief Deputy Randy Plemons did not return repeated phone calls to say whether the department will use the system.
Anderson said the database will be helpful in catching drivers who make one insurance payment to get an insurance card and then cancel their policies.
Vinger said people who carry phony insurance or have no insurance are more of a problem than some might think. The state estimates one in five drivers is not insured.
“People who have insurance have long wanted something done about it,” Vinger said. “This is the first step in being more aggressive in tackling the problem.”
Using the database, officers can instantly find information about the driver’s insurance by typing in the vehicle’s identification or license plate numbers. Vinger said traffic stops will not take more time because of the database.
Anderson and Vinger said officers will not use the database to initiate traffic stops.
Driving without liability insurance carries a maximum fine of $350. Repeat offenders could lose their licenses for up to two years.
Drivers still must carry their insurance card with them, as it remains illegal in Texas not to carry the card.
Source
It just got harder for the more than 4 million drivers in Texas who either don’t have insurance or carry a phony insurance card to try to pull a fast one over law enforcement, state officials say.
Last week, the state launched a database that allows officers to instantly check whether drivers are insured.
“If you don’t have liability insurance for your vehicle, your chances of getting a ticket just went up dramatically,” said Texas Department of Public Safety Lt. Louis Sanchez.
Statewide, all DPS officers already are using the database, said DPS spokesman Tom Vinger.
Within a couple of weeks, Waco police will begin checking insurance with the system after the department’s administration has decided how and when the database will be used, officer Steve Anderson said.
McLennan County Sheriff Larry Lynch and Chief Deputy Randy Plemons did not return repeated phone calls to say whether the department will use the system.
Anderson said the database will be helpful in catching drivers who make one insurance payment to get an insurance card and then cancel their policies.
Vinger said people who carry phony insurance or have no insurance are more of a problem than some might think. The state estimates one in five drivers is not insured.
“People who have insurance have long wanted something done about it,” Vinger said. “This is the first step in being more aggressive in tackling the problem.”
Using the database, officers can instantly find information about the driver’s insurance by typing in the vehicle’s identification or license plate numbers. Vinger said traffic stops will not take more time because of the database.
Anderson and Vinger said officers will not use the database to initiate traffic stops.
Driving without liability insurance carries a maximum fine of $350. Repeat offenders could lose their licenses for up to two years.
Drivers still must carry their insurance card with them, as it remains illegal in Texas not to carry the card.
Source
Friday, November 7, 2008
Booming Sales of Foreign Cars and Pressure from the Insurance Industry Means Now is the Time to Respond to the Security Crisis in Russia
http://www.researchandmarkets.com/research/a3f008/car_theft_and_insu) has announced the addition of the "Car Theft and Insurance in Russia--Thatcham Shaping the Future" report to their offering.
It is likely that the rapidly expanding Russian market will adopt UK insurance requirements for vehicle security after 2008's 11 car security test to Thatcham's standards. This will place increasing pressure on vehicle manufacturers to adopt UK levels of security for the Russian market to maintain brand image and reduce the increasing costs of insurance to customers in Russia. "Car theft and insurance in Russia - Thatcham shaping the future" is a timely assessment of the status of the Professional Association for Risk Prevention star ratings for imported vehicles and gives an independent evaluation of the impact of this initiative on the automotive industry.
This report will help you to:
- Discover how the Russian collaboration with Thatcham could shape the Russian insurance industry of the future
- Gain insight into the 11 car security test and why the testing was necessary- Understand how you can keep ahead of the thieves and reduce the cost of ownership to your customers
- Analyse what it means to your business and what you can do to ensure competitive advantage
Key Topics Covered:
- Executive summary
- Russia -- market overview
- Car theft in Russia
- Insurance situation
- Security testing with Thatcham
- Car security situation
IMPORTANT CONFIDENTIALITY NOTICE:
Due to the confidential nature of the report content, your request to purchase this security report will be vetted by the security team, prior to any sale agreement.
For more information visit http://www.researchandmarkets.com/research/a3f008/car_theft_and_insu
Source
Wednesday, November 5, 2008
Cheaper car insurance for gamers
Continued...
According to Allstate, the technology can improve driving skills to the point where stopping distances by an average of "22 feet when travelling at 55 miles an hour". That's about 90 kilometres an hour, which leads to an inevitable question: since when has pensioners travelling at high speeds been the problem?
Our inner cynic suspects this might be a cheap and ageist marketing ploy: no-one over 50 will perform well in the games, so no discounts will apply, but Allstate reaps the free publicity. But presuming this is a genuine (and successful) scheme, here's some useful ways this kind of approach could be extended.
Pro-active adjustment of your monthly payments based on your performance in online gaming leagues. There's room for partnerships galore here: the PS3 could probably use the publicity, and there's a bunch of ISPs who'd be happy to flog insurance to their existing gaming audience.
Discounts for people who regularly visit porn sites. After all, they're good at concentrating on visual cues and potentially have excellent wrist strength for sudden gear changes and other manoeuvres.
A free Wifi game for every five minutes you have to spend on hold. That'd speed up those lazy phone answering types no end.End.
"hahaha..Another marketing strategy just to sell."
According to Allstate, the technology can improve driving skills to the point where stopping distances by an average of "22 feet when travelling at 55 miles an hour". That's about 90 kilometres an hour, which leads to an inevitable question: since when has pensioners travelling at high speeds been the problem?
Our inner cynic suspects this might be a cheap and ageist marketing ploy: no-one over 50 will perform well in the games, so no discounts will apply, but Allstate reaps the free publicity. But presuming this is a genuine (and successful) scheme, here's some useful ways this kind of approach could be extended.
Pro-active adjustment of your monthly payments based on your performance in online gaming leagues. There's room for partnerships galore here: the PS3 could probably use the publicity, and there's a bunch of ISPs who'd be happy to flog insurance to their existing gaming audience.
Discounts for people who regularly visit porn sites. After all, they're good at concentrating on visual cues and potentially have excellent wrist strength for sudden gear changes and other manoeuvres.
A free Wifi game for every five minutes you have to spend on hold. That'd speed up those lazy phone answering types no end.End.
"hahaha..Another marketing strategy just to sell."
Monday, November 3, 2008
Cheaper car insurance for gamers
Have you got what it takes as a gamer? You could qualify for reduced car insurance premiums, according to one insurer. There is a catch though.
A US insurer is offering discounts to drivers over 50 who score highly in brain-training computer games. Here's some more ways the gaming industry could make buying insurance cheaper and more pleasurable.
Discounts for playing computer games sounds like the kind of concept you would only encounter in a Will Ferrell movie, but US insurer Allstate is giving it a go nonetheless, trying out games which are claimed to "reverse age related cognitive decline", which we think is a nice way of saying "forgetful Grandpa driving syndrome".
Before you throw your control across the room in order to sign up to test it out, there's a bunch of fine print. Crucically, you need to be over 50 and live in Pennsylvania, in which case frankly anything might be good to relieve the boredom. "If using the software is successful in reducing accident rates among customers 50 years and older, Allstate hopes to begin offering discounts to drivers who use the computer-based exercises to help improve their mental sharpness," a statement from the insurer notes.
Sadly, even this doesn't mean your Gran Turismo skillz will score you some savings. The games have been developed by Posit Science, which proclaims itself the "leading provider of clinically validated brain fitness products and services". In real world terms, this translates as "We're trying to look less shonky than people who think they can improve their IQ with Dr Kawashima's Brain Training" rather than "We're going to make Halo look duller than televised golf".Continued...
A US insurer is offering discounts to drivers over 50 who score highly in brain-training computer games. Here's some more ways the gaming industry could make buying insurance cheaper and more pleasurable.
Discounts for playing computer games sounds like the kind of concept you would only encounter in a Will Ferrell movie, but US insurer Allstate is giving it a go nonetheless, trying out games which are claimed to "reverse age related cognitive decline", which we think is a nice way of saying "forgetful Grandpa driving syndrome".
Before you throw your control across the room in order to sign up to test it out, there's a bunch of fine print. Crucically, you need to be over 50 and live in Pennsylvania, in which case frankly anything might be good to relieve the boredom. "If using the software is successful in reducing accident rates among customers 50 years and older, Allstate hopes to begin offering discounts to drivers who use the computer-based exercises to help improve their mental sharpness," a statement from the insurer notes.
Sadly, even this doesn't mean your Gran Turismo skillz will score you some savings. The games have been developed by Posit Science, which proclaims itself the "leading provider of clinically validated brain fitness products and services". In real world terms, this translates as "We're trying to look less shonky than people who think they can improve their IQ with Dr Kawashima's Brain Training" rather than "We're going to make Halo look duller than televised golf".Continued...
Saturday, November 1, 2008
CarInsurance.com Grows Into Four More States and the District of Columbia
In the 37 states, you enter your information once at http://www.CarInsurance.comand then we contact multiple insurance companies directly to give you an immediate comparison of rates within 60 seconds. The rates that you see are accurate and come directly from the insurance companies' rating systems. In addition, the website has over 16,000 resource pages, making it the largest online car insurance resource site on the web. The goal is to help consumers learn and understand insurance at any life stage. CarInsurance.com will continue to move into more states and add more insurance carriers to complete its growth plan.
About CarInsurance.com, Inc.
Based in Altamonte Springs, Florida, CarInsurance.com gives consumers the ability to instantly compare and buy competitive auto insurance rates directly from multiple insurance companies. Not only do consumers have an easy interface to review the rates of multiple insurance companies, but also when ready to purchase, consumers have the option of completing the transaction online or by talking directly to a licensed agent. The same insurance team has owned and operated the CarInsurance.com domain since 1995, making it one of the first online car insurance websites. CarInsurance.com helps consumers and companies by providing companies new customers through real-time quoting and underwriting.
Source
About CarInsurance.com, Inc.
Based in Altamonte Springs, Florida, CarInsurance.com gives consumers the ability to instantly compare and buy competitive auto insurance rates directly from multiple insurance companies. Not only do consumers have an easy interface to review the rates of multiple insurance companies, but also when ready to purchase, consumers have the option of completing the transaction online or by talking directly to a licensed agent. The same insurance team has owned and operated the CarInsurance.com domain since 1995, making it one of the first online car insurance websites. CarInsurance.com helps consumers and companies by providing companies new customers through real-time quoting and underwriting.
Source
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