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Collectible cars can have surprisingly affordable prices, even down to the low five digits for heartstring-tugging models. But, like a sleek shiny body that masks an underperforming car, these price tags are just one factor to consider in the flourishing collector car market.At Volo Auto Museum sales are strong for collector cars, generally regarded as any model 25 years old or older that has some    .. more …

In many industries, a growing market would be welcome news – but not for auto insurers. They are suffering losses even as the amount of insurance policies increases. But amid increasing costs and a high number of claims, insurers are hesitant to increase insurance premiums in fear of a public backlash. According to industry sources, the automotive insurance sector in Korea grew 7.5 percent in    .. more …

Technology is driving forward at a blinding pace. At some point in the future, you may be sharing the road with blind drivers. Next January, the National Federation of the Blind and Virginia Tech plan to unveil a prototype vehicle equipped with technology that will allow blind people to drive.They’ve tricked out a Ford Escape SUV with “nonvisual interface technology,” which uses laser sensors    .. more …

by Richard Kilner Story link : Increasing fraud leads to rising car premiums The AA British Insurance Premium Index has discovered that fraud is fuelling a surge in car insurance premiums, which are now rising faster than ever before.In the second quarter of 2010 premiums increased by 11%, the largest rise in the Index’s 16 year history.The average Shoparound premium hit the 704 mark for an    .. more …