Who Is The Owner Of Cure Auto Insurance?

As Chief Operating Officer of cure auto insurance, Eric Poe oversees the operations of nearly 200 employees and nearly $45 million in assets. He is a licensed active New Jersey attorney and Certified Public Accountant.

How long has CURE Auto Insurance been around?

CURE Auto Insurance Overview CURE stands for Citizens United Reciprocal Exchange and is a nonprofit company started in the 1980s. According to the Better Business Bureau (BBB), CURE Auto Insurance has been offering car insurance since 1990 The company only provides insurance to drivers in Pennsylvania and New Jersey.

Is there a cure insurance company in Michigan?

CURE auto insurance, a not-for-profit car insurer doing business in New Jersey and Pennsylvania, announces it has been granted a license to expand into Michigan starting today, when the latest no-fault reforms take effect.

What’s the name of the new insurance company in Michigan?

His new company, a small carrier known as CURE Auto Insurance or Citizens United Reciprocal Exchange , entered Michigan last week and is an auto insurance company, possibly the only one in Michigan, that doesn’t use a credit score-like metric known as an “insurance score” when setting rates for drivers.

What is high risk insurance called?

Okay, high-risk auto insurance (also known in the industry as nonstandard auto insurance ) is the coverage you have to buy when an insurance company decides you’re more at risk of getting into an accident and filing a claim than the average driver.

Does Michigan use credit score for car insurance?

Michigan. Insurance companies in Michigan can’t use your credit or a credit-based insurance score as part of their decision-making process to deny, cancel or refuse to renew an auto or homeowners policy. Additionally, auto insurers can’t use your credit score to determine your rates.

How can I lower my car insurance in Michigan?

Your best bet for how to save on car insurance in Michigan is to comparison shop every year The best way to do this is to use an independent insurance agency that has 10 or more insurance companies to quote rates for you to consider. You will be astonished at the savings.

Does cure auto have an app?

Drive Well, Save More | CURE Auto Insurance You need to enable JavaScript to run this app.

What is the Michigan insurance reform?

On May 30, 2019, Governor Whitmer signed historic bipartisan no-fault auto insurance reform legislation (Public Acts 21 and 22 of 2019) to provide insurance coverage options, lower rates for Michigan drivers while maintaining the highest benefits in the country, and strengthen consumer protections.

What is an insurance score in Michigan?

Key Takeaways. An insurance score is a credit rating used by insurance companies to assess a potential insured consumer’s level of risk The insurance score is one of the primary determinants in how much monthly insurance premium the consumer will be assessed.

What city in Michigan has the lowest car insurance rates?

Average car insurance quotes in Michigan by city Drivers in Shoreham pay the lowest quotes in the state, paying $5,195 per year for full coverage. Drivers in Hamtramck, a suburb of Detroit, pay the highest rates in the state, $20,366 per year.

What can I do if my insurance is too high?

  1. Drive carefully. If you stay out of trouble on the road and don’t present your insurer with any serious claims, your rates may fall over time
  2. Raise your credit score
  3. Take a class
  4. Bundle your insurance policies
  5. Shop around.

What is sr22 insurance?

An SR-22 is a certificate of financial responsibility required for some drivers by their state or court order It serves as proof that the driver has purchased the minimum required auto coverage in the state. Depending on your situation and what state you live in, an FR-44 may take the place of the SR-22.

How can you reduce your insurance policy payment?

  1. Shop around
  2. Before you buy a car, compare insurance costs
  3. Ask for higher deductibles
  4. Reduce coverage on older cars
  5. Buy your homeowners and auto coverage from the same insurer
  6. Maintain a good credit record
  7. Take advantage of low mileage discounts.

What is a good credit score for insurance?

According to Progressive, insurance scores range from 200 to 997, with everything below 500 considered a poor score, and everything from 776 to 997 considered a good score. So, what is a good insurance score? Anything over 775.

Does having bad credit affect your car insurance?

Your credit score is a key part of determining the rates you pay for car insurance. Better credit often gets you better rates, and worse credit makes your coverage more expensive. Poor credit could more than double insurance rates , according to a nationwide analysis of top insurers.

What is the new auto law in Michigan?

Governor Whitmer signed historic bipartisan auto no-fault legislation to lower costs, maintain the highest coverage options in the country, and strengthen consumer protections Changes apply to policies issued or renewed after July 1, 2020.