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Holiday Shopping Trends 2024: 84% of Americans Plan to Buy Online, But Porch Pirates and Payment Plans Could Hamper Gift Giving | Insurify

Americans are putting a price tag on the holiday spirit, a new Insurify survey of more than 1,000 consumers reveals. Despite economic worries, U.S. shoppers plan to spend an average of $528 on holiday presents. But nearly four out of 10 online shoppers have experienced package theft — meaning

Suing Over an Insurance Claim Often Leads to Smaller Payout, Experts Say | Insurify

Most drivers and homeowners have probably seen advertisements from attorneys promising to get plaintiffs more claims money from insurance companies. But going through the courts — especially as a first resort — and involving third parties in insurance claims often doesn’t turn out the way policyholders hope. “There’s a cost

New Car Shoppers Face Harsh Price Reality, Report Finds | Insurify

High vehicle prices and problematic interest rates have kept many would-be car owners from buying a new vehicle. And the used market isn’t any better. An August report from Edmunds found that the buyer-friendly pre-pandemic vehicle shopping market created “skewed perceptions of affordability” for many current

Tesla Insurance Losses, Customer Complaints Continue Mount | Insurify

Tesla Insurance lost more money in the second quarter of 2024 than in the first quarter. Its loss ratio — the metric insurance companies use to measure profitability — increased from 99.8% in the first three months of the year to 107.4% in the second quarter, P&C Specialist

Another Insurer Hiking Homeowners Rates in California | Insurify

California regulators approved a request by MAPFRE Insurance Company, a relatively small insurer in the state, to increase home insurance rates by 6.5%. The approval means policyholders whose contracts with the insurer renew after April 4, 2025, can expect their premiums to increase. The higher rates will also apply

Amica OK to Hike Home Insurance Rates by 21% in California | Insurify

California homeowners, renters, and condo owners with property insurance through Amica could soon see their premiums rise again. On Dec. 2, the state’s department of insurance approved Amica’s request to raise rates for nearly 40,000 policyholders. Homeowners will see increases of around 21%. Rates will rise 4.

What Virginia’s New, Higher Car Insurance Requirements Mean for Drivers | Insurify

Virginia drivers could soon see higher auto insurance premiums thanks to the state’s higher liability auto insurance requirements beginning in 2025. Previously, Virginia’s minimum car insurance requirements were similar to the liability limits in many other states. The new, higher minimums will put Virginia among the 10 states