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Used-car dealers scam insurers in California

Auto insurance fraud is the latest scheme to hit the West Coast as a ring of used-car dealers allegedly ripped off auto insurers for $22,000 by filing fraudulent insurance claims, according to the California Department of Insurance.  The organized fraud involved owners and associates of Sacramento, Calif.-based Habib Auto Sales, Ocean Auto Sales, and Rusul […]

Insurer Offers Cash Back Incentive for Chrysler, Hyundai Purchases

Amica Mutual Insurance is offering a new incentive for purchasing or leasing new Chrysler and Hyundai Motor vehicles, Auto Finance News has learned. The Rhode Island-based insurance company’s incentive is called BonusDrive, which allows customers to get a cash back bonus of up to $500. However, the offer only applies to the purchase or lease […]

5 Innovative Auto Finance Moves of 2018

A number of auto finance companies rolled out products and services in 2018 that the editors of Auto Finance News found noteworthy, among them: Honcker Adds Insurance to List of App Services Mobile car buying app Honcker added insurance to its platform this year, bringing the company closer to making the entire car buying experience […]

Fintech Credit Karma Enhances Auto Insurance Tool in Texas, California

Credit Karma estimates that consumers overspend $21 billion a year on auto insurance. In light of this, the fintech is providing a simplified service for consumers to find cheaper auto insurance policies. The company announced this week that it is expanding its auto insurance tool to generate insurance suggestions to consumers by analyzing government information […]