In the world of car insurance we are all searching for ways to save money. With over 27 years of experience in the insurance industry, I can confidently tell you car insurance prices are rising and that’s not going to change anytime soon. But, even with prices rising, there are are few tricks you can use to keep your insurance rates low. Here are 5 tricks that can cut your car insurance rates!
This morning, CMS released a proposed regulation titled “Short Term Limited Duration Insurance”. This proposed regulation seeks to roll back Obama regulations around short-term insurance, extending the maximum duration of coverage to less than 12 months (364 days for example). Currently, the maximum duration is three months.
CMS will accept comments on the proposed rule for 60 days. The new rule around short-term coverage would go into effect 60 days after the publication of the final rule – we estimate the effective date could be as early as July 1, 2018.