June 10th, 2010 by Jaren
Auto insurance also called vehicle insurance is an insurance policy purchased for cars and other vehicle types. Its main use is to provide financial protection against losses, damages and injuries caused from car and traffic accidents. In some countries, it is a requirement to purchase this type of insurance before you could go on the road.
Auto insurance policy covers the insured party, the insured vehicle as well as the third parties. Insurance premium can either be mandated by the government or the insurance companies themselves. Of course they follow strict guidelines set by the insurance body of the government.
Premium varies from different factors such as car characteristics, the insurance coverage, the profile of the driver and how frequent the car is being used. Would you believe that premium for males are much higher than females? According to statistics, men have a higher accident rate than women. Aside from that, new drivers especially teenagers have higher car insurance premiums. Once they reached 25, premiums tend to lower.
July 4th, 2009 by Jaren
The company that is considered to be one of the US Auto Industry’s big three has indeed collapsed and has come to an agreement with the French Automaker Fiat to a partnership which they hope will allow them to continue operations. Though they are currently on a suspended mode, the company hopes to be back on the market before the end of the year allowing customers. The government is watching the two companies closely to fast get them out on a deal and for them to start withdrawing control of the firm which they have guardianship control over. GM promises to pay back the government the billions of dollars they have received form the government as they get back on their feet to serve the driving public.
July 2nd, 2009 by Robert
The future of the car industry will rely on a black box.
Yes, like the black box (actually it’s orange, weird they’d call it black) in airplanes that record flight movements and everything else that happens in the pilot’s cockpit, will also be installed in cars. The Association of British Insurers (ABI) say that this technology has already been installed in Staffordshire.
According to the Spokesman of ABI, Malcolm Tarling:
“Insurers will certainly use advances in technology and the goal that they are always trying to achieve is to ensure that the price that they charge for insurance reflects the actual risk.”
Source
June 4th, 2009 by Jaren
The government has pushed for the bill and now that it has passed, they are fast getting car owners who wish to get new ones that are more efficient and are more friendly to the environment. They get cash back from their old cars that are to be given as discounts at the dealer as they set to purchase their new vehicle. The aim to to lessen the many old cars on the roads that are sadly almost sure to fail more strict environmental emissions laws that have recently been passed. The old cars are recycled, once again turned into new cars as thy get another life within the same industry they are so part of.
May 3rd, 2009 by Jaren
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The government gave the Auto Industry giant enough time to get a deal done with regards to a proposed partnership with foreign investors but they failed to get it down to the deadline, GM has declared bankruptcy protection with the government set to get a majority of the company shares till they get their act together. The company has already been dropped form the Stock Exchange as part of the bankruptcy proceedings and the company has made this official with a statement from the President of the United States going on air before company officials stated their case. (more…)
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