Online Vehicle Insurance – Vehicle Insurance Premiums are Increasing
Posted on Saturday, Jan. 9th 2021 5:32 AM by Online Auto Quotes in Vehicle Insurance No Comments »
Research from Motus shows that, on average, vehicle insurance premiums have risen every year since 2013, and since 2011, insurance premiums have gone up by a whopping 23%. Although numerous factors can affect a person’s insurance premium, the bigger picture has also changed.
Data supports the fact that insurers are paying out more frequently than before. When that happens, insurance companies raise rates to offset the losses. In the US, the number of car crashes has increased this decade, even though traffic fatalities continue to decline. Chalk the mixed bag up to safer cars than ever. Pedestrian fatalities, meanwhile, continue to climb.
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Posted on Saturday, Jan. 9th 2021 5:32 AM | by Online Auto Quotes | in Vehicle Insurance | No Comments »