Cure Auto Insurance: Rate Hikes And The Reasons Behind Them

Cure Auto Insurance is a small insurance company that offers coverage in New Jersey, Pennsylvania, and Michigan. Unlike most insurance companies, Cure primarily considers a customer's driving record when determining insurance rates, rather than factors like credit score, occupation, or education. This makes Cure a good option for drivers with a poor credit score or lower paying jobs, as it ensures they have access to affordable car insurance. However, Cure has received mixed reviews, with some customers complaining about poor customer service and issues with claims handling.

CURE auto insurance is available in Michigan, New Jersey, and Pennsylvania

CURE was founded in 1990 by former New Jersey Insurance Commissioner James J. Sheeran and Lena Chang and is based in Princeton, New Jersey. The company operates as a not-for-profit reciprocal exchange and is owned by its policyholders.

CURE offers both basic and standard car insurance policies, with rates ranging from $25 to $50 per month for liability-only coverage. The basic package is available only to residents of New Jersey and includes $5,000 property damage liability insurance, $15,000 personal injury protection insurance, and $10,000 extended medical expense benefits. Drivers can also add bodily injury liability insurance to their basic policy.

CURE's standard policy includes the six standard types of car insurance: liability, collision, comprehensive, medical payments, personal injury protection, and uninsured/underinsured motorist coverage. The company also offers roadside assistance with every plan, as well as extended transportation coverage for a fee.

CURE has received mixed reviews from customers. While some praise its straightforward claims process and affordability, others have complained about issues with communication and service from claims representatives. The company has a high complaint index rating from the National Association of Insurance Commissioners, indicating that it receives more complaints than the average insurance company.

Overall, CURE auto insurance is a good option for drivers in Michigan, New Jersey, and Pennsylvania who have a good driving record but may have a subprime credit history or other factors that make it difficult to obtain reasonable insurance rates.

CURE bases insurance premiums on driving record, not credit history, occupation, or education level

CURE Auto Insurance, also known as Citizens United Reciprocal Exchange, is an auto insurance company that bases its insurance premiums primarily on driving records, rather than credit history, occupation, or education level. This sets CURE apart from many other insurance companies, which often use a variety of factors beyond driving history to determine rates.

CURE was founded in 1990 by former New Jersey Insurance Commissioner James J. Sheeran and Lena Chang, with the express purpose of providing favourable car insurance rates to drivers who may not meet the traditional criteria for low insurance premiums. These criteria often include factors such as age, gender, education level, occupation, marital status, location, credit score, and car make and model. By focusing on driving records, CURE aims to reward safe drivers with reasonable rates, regardless of their credit score or other factors.

In addition to its unique approach to determining insurance premiums, CURE also stands out for its commitment to fighting income discrimination in the car insurance industry. The company believes that using income proxies, such as credit score, homeownership, or education level, to set insurance rates is unfair and discriminatory towards lower-income drivers. As a result, CURE has never used these factors to determine car insurance rates and has advocated against other companies that do so.

While CURE's approach may benefit drivers with a clean driving record but lower credit scores or other factors, it's important to note that the company has received some criticism for its claims process and customer service. Some customers have reported issues with communication, responsiveness, and delays in payouts.

Overall, CURE Auto Insurance offers a unique approach to determining insurance premiums, prioritising driving records over other factors. This makes it an attractive option for drivers with a clean driving history but lower credit scores or other factors that may negatively impact their rates with traditional insurance companies. However, it's important to consider the company's limitations, particularly in terms of its claims process and availability in only three states: Michigan, New Jersey, and Pennsylvania.

CURE has a high rate of customer complaints

CURE Auto Insurance, also known as Citizens United Reciprocal Exchange, is a small insurance company that provides coverage in New Jersey, Pennsylvania, and Michigan. CURE has a high rate of customer complaints relative to its size. The National Association of Insurance Commissioners (NAIC) gave CURE a score of 5.75 in 2022, indicating that the company receives more than five times the average number of complaints for an insurer of its size. In 2023, the NAIC gave CURE a complaint index score of 5.16 for private passenger auto insurance, which is five times the industry benchmark.

CURE's high rate of customer complaints is reflected in reviews from its customers. Many customers have complained about poor claims handling, unsatisfactory settlements, and delays in claims handling. Some customers have also reported that CURE has denied their claims or attempted to rescind their policies after an accident. In addition, customers have reported issues with communication and service from claims representatives, as well as unresponsiveness and uncoordinated service from the company.

CURE's complaint record and customer reviews suggest that the company may have issues with its claims handling process and customer service. These issues have led to a high number of complaints relative to the company's size.

CURE offers a good student discount

CURE Auto Insurance is a small insurance company that provides coverage in New Jersey, Pennsylvania, and Michigan. CURE offers a good student discount, which is one of the many ways students can save money on their car insurance premiums.

CURE bases its insurance rates primarily on a motorist's driving record, rather than their credit score, occupation, or education level. This means that students with a good driving record and either poor or no credit may find this an appealing option for their auto insurance.

CURE's policy options range from the most basic coverage, based on state law minimum requirements, to more comprehensive coverage with additional protection based on your needs as a driver. This flexibility in plans can help students tailor their coverage and find the right policy for the right price.

CURE also offers a range of extra protection options that can be added to a policy, including collision coverage, comprehensive coverage, rental reimbursement coverage, and more.

In addition to the good student discount, CURE offers other discounts such as the good driver discount, multi-car discount, and safe parking discount.

While CURE does offer a good student discount, it is important to note that the company has received mixed reviews from customers, with some complaining about poor claims handling and unnecessary fees.

CURE offers a multi-vehicle discount

CURE Auto Insurance, also known as Citizens United Reciprocal Exchange, is a not-for-profit auto insurance company that provides coverage to drivers in select states. They aim to offer affordable insurance rates while focusing on safe driving and rewarding responsible behaviour on the road. CURE has insured over a million drivers and believes everyone deserves affordable car insurance based primarily on their driving record.

CURE's basic package, which is only available to residents of New Jersey, includes $5,000 property damage liability insurance, $15,000 personal injury protection insurance, and $10,000 extended medical expense benefits. Drivers can also choose to add bodily injury liability insurance to their policy.

CURE's insurance rates are based primarily on a motorist's driving record, rewarding safe drivers with reasonable rates even if they don't meet the traditional criteria for low insurance premiums. This means that drivers with minimal incidents in their driving history will get the lowest rates.

CURE Auto Insurance is available in Michigan, New Jersey, and Pennsylvania.

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