State Farm is the largest auto insurer in Louisiana; around one third of the state’s drivers have State Farm policies. Louisiana historically has had some of the nation’s highest car insurance rates.
Not having current auto insurance could get your car impounded, even if you are obeying the traffic laws when you drive. Police in some states are now using computer checks of license plate numbers to identify drivers without current insurance and stopping them.
It’s easy to see how Obamacare could lower auto insurance costs. The biggest expense paid by car insurance is medical care for those injured in accidents. By increasing the number of people with health insurance coverage, Obamacare could cover some of those costs.
It’s easy to see why many men get angry each month when they open their insurance bills. A guy who goes out of his way to drive safely pays higher rates than a woman with a pile of speeding tickets in her glove compartment.
Google is already making $110 million in advertising revenues from three auto insurance companies: GEICO, Progressive, and State Farm alone, TechCrunch noted. The potential profits from insurance will drive Google to improve its marriage of data and insurance.
Gasoline and diesel fuel each have an energy density of 36 mega joules a liter – the equivalent of 10.08 kilowatt hours. That means a few gallons or liters of gasoline or diesel fuel can provide as much or more power than several hundred pounds of lithium ion batteries. It also means that a few gallons of gasoline or diesel fuel will provide as much power as 20 or 30 gallons of hydrogen gas.
Prices for fuel cell powered vehicles will also have to come down for FCVs to become a widely adopted means of transportation. Toyota also has a very huge marketing job cut out for it. The automaker will have to explain to the public what fuel cells are and why they need them. That might be even tougher than developing a new technology.
If Uber has to start paying its drivers like employees, it’ll have to shut down in the United States. Uber’s competitors, such as Lyft and Sidecar, would be driven out of business. It goes without saying that these suits could be a major headache for other internet and app companies that rely upon independent contractors such as Elance-Odesk.
Any reduction in accidents will reduce car insurance for everybody. It could also reduce costs further because the major expense in insurance claims is medical expenses for treating accident victims. Fewer accidents would equal fewer victims. Faster response could reduce the need for medical treatment for the victims.