Meet the 25 Best Auto Insurance Companies in the USA

Amica Mutual. America’s first auto insurer; founded in 1907, is still one of the highest-rated. Amica was to found to provide the best overall customer service of the companies surveyed.

Read more

Allstate is Auto Insurance Still a Value Investment?

It might not be long before we see major revenue and share-price drops throughout the auto insurance sector. Expect Allstate and Progressive’s share prices to take a major nosedive in the near future if these trends continue.

Read more

How Self-Driving Cars Could Increase the Number of Uninsured Motorists

Many observers, including Allstate (NYSE: ALL) CEO Tom Wilson, think autonomous cars will make the roads far safer by greatly reducing the number of accidents. The idea here is that most crashes are caused by driver error or bad driving, which autonomous cars would eliminate or greatly reduce.

Read more

Google Could Revolutionize Auto Insurance

Entering auto insurance would make a lot of sense for Uber because insurance has been one of the barriers blocking drivers from adopting its service. Some communities, like Kansas City, Missouri, have even banned Uber because of inadequate insurance. Offering insurance could remove that barrier and defuse one of the taxi cab industry’s main objection to Uber.

Read more

Progressive’s Wireless Device Could Be a Safety Threat

The whole telematics issue raises the interesting question of whether auto insurers are still a good investment. Value investors like Warren Buffett have long thought of auto insurers that way because of all the float their premiums generate, but is that still true in the face of all the competition in today’s insurance industry?

Read more