Insurance companies allowed to overestimate mileage; how to make sure you're not being overcharged

Auto insurers are allowed to overestimate customer's expected miles driven. Here's how to beat "mileage creep" and save money.Nathaniel Epting got a big surprise when he opened his auto insurance bill. "I looked at it, and I was like, it's up about $400," he said.

A group of activists from Consumer Watchdog sat down with 7 On Your Side's Michael Finney via Zoom to talk about "mileage creep" and auto insurers. Consumer Watchdog's Pamela Pressley says the state requires insurance companies to ask policy holders how many miles they'll drive. And get this: the state allows many companies to just assume that every year their policyholders will drive an additional thousand miles, but only if the consumers are not asked or don't provide estimated mileage amounts.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GEICO is the latest car insurance company to ask state to approve huge rate hikeThe insurance company notified policyholders its asking for the increase.
Source: njdotcom - 🏆 282. / 63 Read more »

Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costsShares of UnitedHealth, Humana, Elevance Health and CVS Health all declined, while medical device manufacturers and hospital operators edged higher.
Source: CNBC - 🏆 12. / 72 Read more »

2 more property insurance companies scaling back in Florida just 2 weeks into hurricane seasonTwo weeks into hurricane season, and two property insurance companies in Florida are scaling back policy coverage, citing their vulnerability to natural disasters like hurricanes and flood.
Source: wjxt4 - 🏆 246. / 63 Read more »