Insurance Statistics in Maryland from 2012

Insurance Statistics and trends for Maryland in 2012 are somewhat complicated to determine. There is a lot that will determine these statistics, such as populace and location. The populace in Maryland and throughout the United States could expect to see a double raise in cost.

Auto insurance fraud is on the rise nationwide and in the state of Maryland. You can expect to see higher statistics and policy rates depending on the population of certain states. Looking back at least four years, rates have been steadily on an increase depending on the amount of fraud cases reported.

Homeowner’s policy rates rose in 2012, due to all of the natural disasters affecting the United States. Natural disasters such as floods from hurricanes on the east coast, wildfires on the west coast, earthquake damages, droughts and extensive snow damage have all put their toll on the amount of home insurance claims processed and paid out. Policy rates are regulated on a state by state basis through that state’s insurance division. Since Maryland is smaller in populace then New York, Maryland’s rates could be lower on average.

Employers and employees in Maryland can expect to pay more out on their health insurance premiums. Rising commercial policies continue to rise for employers and they are in turn passing on these rises in rates to the employee, so that more money is expected to come out of your weekly pay checks. Maryland is not alone in this dilemma as this is going to affect all states. A continued rise in health policy premiums are expected to continue.

The only policy rates that seem to be falling are in the area of life policies. Many people are going without this coverage due to other more pressing financial issues. Life insurance companies continue to see a decrease in rates in 2012. Call your independent agent today for a quote on any insurance needed to help protect your future.

Where Can I Find Fast Tag & Title Services in Laurel, Maryland?

One of the chores that many people put off for as long as possible is getting the tag or title for their car. While you can go down to the department of motor vehicles and take care of this task, it is often a long, time-consuming process. Additionally, this is usually very frustrating, since you may have to wait in several lines and deal with employees that are not happy to be doing their jobs.

However, those in and around Laurel, Maryland have another option. Some independent agent offices offer a fast tag and title service. If you find that your insurance agent does not offer this service, it may be time to shop around. Look online and you will see that plenty of independent companies that have this service.

Consider getting your tag and title services at Mid Atlantic Insurance Financial. In addition to offering some of the best insurance rates and great customer service for insurance issues, the company also offers tag and title services. You will appreciate the ease of getting this done at an independent office, instead of at the department of motor vehicles.

You get the same level of customer service for your tag and title that you do when you obtain insurance. Additionally, if you have questions or concerns, you know there is someone on your side that will be more than happy to help you.

Do not risk the dangers associated with driving without proper tag and title. You can run into some major issues, especially if you get pulled over by a policeman. Now that you know how easy it is to get your tag and title taken care of through Mid Atlantic Insurance, you will not put this job off any longer.

Will My Credit Affect My Auto Insurance Rates?

Insurance agents often check your credit report as part of the process of giving you a quote on auto insurance. Because statistics have shown that drivers with a low score are more likely to make car insurance claims than drivers with a high score, insurance companies often include credit history in their formulas for calculating a driver’s risk. Rather than using traditional credit scores, insurance companies generally use an insurance risk score, which is based on information on your credit report, but is skewed toward the data that is most closely linked to auto insurance claims.

While having exceptionally good credit won’t get you a discount on your auto insurance rates when compared to having decent credit, you may end up with higher rates if you have exceptionally bad credit. By law, insurance companies are required to let you know if your credit report affected your insurance rates, and to give you instructions on how to get a copy of your report.

To ensure you’re getting the best rate possible, it’s important to maintain your credit score by paying your bills on time and not taking on more debt than you have to. You should also check your credit report for accuracy before applying for auto insurance in Greenbelt, Cloverly, and surrounding areas. If you find errors, it’s easy to file a dispute and get them corrected.

Interesting Insurance Statistics

Insurance may seem like a dull subject, but, as with any topic, there are interesting facts and statistics to be found. Next time you’re out enjoying a cup of coffee in Adelphi, Burtonsville, or anywhere else in Maryland, start a conversation with one of these odd insurance statistics:

• There is a car accident in the US every 8 seconds.
• Here’s one for the current rough economic times: for every 100 newly unemployed people, there will be 75 new people driving without car insurance.
• Washington D.C. is the most dangerous place to drive, with 3.2 fatalities per 100,000 people.
• Hawaii, on the other hand, isn’t just one of the prettiest states; it’s the safest. Traffic fatalities number just 1.9. per 100,000.
• The national average cost for a car insurance policy is $1567. Hawaii’s is cheapest, while Maryland falls just a little above the middle of the pack.
• Seat belts significantly lower the risk of injury during an auto accident. For this reason, all cars, by law, have had to have at least lap belts since 1968.
• The basic concepts behind insurance date back to the Code of Hammurabi. These laws allowed for banks to lend traders the value of the goods they were transporting. If the shipment arrived safely, the loan was repaid, plus interest. If it did not arrive, the loan was forgiven.