Should they be banished to the dungeon? Beheaded? Forced to watch re-runs of “Benny Hill?” Maybe those punishments are too cruel, but 63 percent of Britain’s drivers believe that those who drive without insurance should be punished, and they don’t hold out much hope that the offenders will change their evil ways. Only 31 percent of those surveyed believe offenders should be rehabilitated, according to research conducted by leading motor insurer Co-operative Insurance Society Limited (CIS). Read more . . .

Drive less, pay less.It seems to make perfect sense, doesn’t it? If you drive less, you pay less for gasoline and for maintenance items like tires, so why shouldn’t you pay for your auto insurance in the same way? There is a simple, beautiful logic to it.

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Now TripSense, a usage-based auto insurance discount pilot program, is being offered to 5,000 drivers in Minnesota by the Progressive group of insurance companies, the third largest provider of auto insurance in the U.S. Program participants are eligible to receive a discount of up to 25 percent depending on how much, how fast and when they drive.

“How fast?” Hmmm. How does that work?   Well, customers who register a vehicle in the TripSense pilot program plug a data-logging device into a port in their car, Read more . . .

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Millions of people are driving around each day risking their financial future without knowing it.   Most are conscientious citizens who carry auto insurance, but they are not prepared for what can occur if they happen to be involved in an injury collision with an uninsured or underinsured driver.

Based on most U.S. state laws, these drivers expect the other driver’s insurance to pay for their medical bills automatically. But that is not necessarily what is going to happen. If you’re not careful, your life savings may end up paying for your medical expenses even if the accident wasn’t your fault.

How can this happen? All too simply. If the driver Read more . . .

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Way back in the good ole’ 1960s car buyers spent about 25 percent of their $8,000 median income on a new car. Today, consumers can expect to pay $27,000 for a new automobile, more than half of the median $48,000 U.S. household income. Times have changed, but has your insurance kept up?

Consider liability coverage. Today’s minimum liability limits for auto insurance were established in 1967, when financial responsibility laws were adjusted to meet the Read more . . .