News Formal

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

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 529. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »