Why Are Insurance Premiums Skyrocketing?

Car insurance premiums are seeing a significant rise across the United States. This surge is not just due to the common misconception that sports cars, like the Corvette, are expensive to insure.

Instead, several factors are contributing to this trend:

1. Increased Accidents and Fatalities: Despite modern vehicles being safer, the number of fatalities has been growing, with almost 43,000 in both 2021 and 2022.
2. Car Values and Parts Prices: The pandemic-induced global supply chain issues have led to a rise in car values and parts prices. The introduction of new features and technology in cars has further escalated

How Does Drunk Driving Affect Your Insurance

…Brian Kane, an agent with Donnelly & Sproul Insurance in New Jersey, says the effect of a DWI can vary dramatically based on a driver’s background. Factors such as age, credit score and previous driving history sometimes carry as much weight as the DUI itself. Some drivers who are slapped with DUIs “get unlucky,” Kane says, “and may otherwise be a responsible person.” (Read the full article)…

Special Considerations for Antique and Classic Car Insurance

New Jersey car insurance agent (and classic car buff) Brian Kane recently attended the Barrett Jackson Auto Auction in Scottsdale, Arizona. He did an ad hoc interview with Anthony Kirlew, of AKA Internet Marketing (also a car guy) discussing insurance requirements for antique and classic cars.

1. The actual cash value of the vehicle
2. The stated value of the vehicle
3. The agreed upon value for the insurance policy