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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

USAA Home Insurance Rates Climbing for 265,000 California Homeowners | Insurify

Home insurance rates are about to increase dramatically for hundreds of thousands of California policyholders. State insurance regulators recently approved rate increases for two of USAA’s largest subsidiaries. USAA is the sixth-largest home insurer in California. Rates will increase for home and condo policyholders The California Department of

Kia, Hyundai to Pay Up to $145 Million to Settle Lawsuit Over TikTok-Inspired Thefts | Insurify

Automakers Kia and Hyundai have agreed in a California federal court to pay between $80 million and $145 million to settle a class action lawsuit. The suit stems from a defective ignition design that made some of the companies’ most popular vehicles easier to steal. After a viral TikTok video

Average Car Insurance Rates as of November 2024 | Insurify

National car insurance rates remained fairly stable through October. The national average monthly cost of liability car insurance held at $104, while the full-coverage average fell to $194, Insurify data shows. In most states, minimum-coverage auto insurance rates remained unchanged or moved by a few dollars up or

Nearly 200 Michigan Communities Can’t Get Flood Insurance — By Choice | Insurify

Michigan might not make national headlines for flooding as frequently as Florida or Texas, but flooding in the Great Lakes State isn’t uncommon. Severe thunderstorms caused destructive flooding in Metro Detroit in 2021, leading to a presidential disaster declaration. And a low-pressure system drenched southeast Michigan in 2014,

Nearly 200 Missouri Communities Opt Out of Federal Flood Insurance | Insurify

Only homeowners living in communities that opt into the National Flood Insurance Program (NFIP) can buy federally backed flood insurance, and nearly 200 Missouri communities have chosen to go without it. This poses risks for homeowners in non-participating communities in a state with a history of catastrophic inland and