
Articles
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4 days ago |
bankrate.com | Shannon Martin |Jessa Claeys
Effective July 1, 2025, the minimum car insurance liability limits in North Carolina will increase to 50/100/50 from 30/60/25. The inexperienced operator surcharge timeframe extends from three to eight years for any new driver acquiring a license after July 1. The Prayer for Judgment Continued lookback period has increased from three to five years. Expanded uninsured and underinsured motorist insurance limits will give drivers access to more coverage.
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1 week ago |
bankrate.com | Natalie Todoroff |Jessa Claeys
From 2007 to 2021, average renters insurance premiums fell by more than 28 percent, while average homeowners insurance rates increased by more than 31 percent. Over that same period, the gap between average renters insurance premiums and average home insurance premiums has grown by 378 percentage points. The gap between average renters and homeowners insurance rates from 2007 to 2021 grew the most in Oklahoma, Colorado and Rhode Island.
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1 week ago |
bankrate.com | R.E. Hawley |Jessa Claeys
In the world of auto insurance discounts, the biggest savings are tied to telematics. State Farm’s Drive Safe & Save promises up to 30 percent off your auto insurance premium for safe driving; Progressive says it “handed out over $1.2 billion in discounts” through Snapshot. Although Allstate no longer advertises an average or maximum discount on its website, it claimed in the past that discounts from the Drivewise telematics program could total as much as 40 percent.
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4 weeks ago |
bankrate.com | Shannon Martin |Jessa Claeys
As of July 1, 2025, the North Carolina inexperienced operator surcharge will extend from three to eight years. This law applies to driver’s licenses issued on or after July 1, 2025. New drivers with limited and full provisional licenses issued before July 1 are exempt. Young drivers in North Carolina are in for a big surprise this summer — and so are their parents. Starting July 1, a new state law is shaking up how long insurers can surcharge new drivers.
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1 month ago |
bankrate.com | Natalie Todoroff |Jessa Claeys
As of March 5, 2025, the California Department of Insurance has paid out more than $12 billion in claims related to the devastating January wildfires — but the recovery is just beginning. Insured losses from the Palisades and Eaton fires alone are estimated between $25 billion and $39 billion, meaning payouts so far represent only a fraction of what’s expected. And that’s just the insurance side. While Gov.
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