U.S. tariffs may increase price of insurance, parts, drive up auto thefts

cars on urban road

A threat by the U.S. government to impose tariffs of up to 25 percent on imported vehicles parts could hit customers in unexpected ways: higher repair costs, insurance premiums and even the theft of more vehicles for their parts, the industry stated. U.S. President Donald Trump’s administration has started an investigation into whether auto imports […]

Hagerty to provide insurance services to 2018 Dodge Challenger SRT Demon owners

2018 Dodge Challenger SRT Demon

Noted for insuring classic cars and enthusiast automobiles, Hagerty will now offer its services to owners of the 2018 Dodge Challenger SRT Demon. The company will provide specific protection to the 3,000 U.S. and 300 Canadian clients who buy the 840-hp muscle vehicle. “We are living in the golden age of automotive performance, and the […]

Michigan auto insurance third highest in U.S. after Louisiana and New Jersey

National Association of Insurance Commissioners (NAIC)

A recent report from the National Association of Insurance Commissioners puts the Michigan’s vehicle insurance premiums at the 3rd highest in the country, just behind Louisiana and New Jersey. The report lags behind real-time information, and determines the 2014 combined average premium, that includes liability, accident and extensive coverage costs. Michigan’s combined average premium in […]