Living in Detroit, I learned quickly about the racket that is auto insurance in the city. There’s a cottage industry for one-week premiums, and if you want a steady monthly plan, it can cost hundreds of dollars per month. Many see it as a modern-day form of redlining. A new report from ProPublica and Consumer Reports…
America's auto insurers will push for new driver monitoring systems, such as in-car video cameras, as a way to cut costs and crashes. Who needs driverless cars when all drivers could soon get an electronic nanny?
Updated below California Insurance Commissioner Steve Poizner has approved regulations which could lead to a pay-as-you-drive insurance system in California. The idea has the potential to save consumers tons of money but may lead to big-brotherish vehicle tracking systems.