A recent 3-year study from the Insurance Research Council shows that auto physical damage insurance claims have increased substantially in the last few years. The study looked at over 200,000 claims to identify different patterns in auto physical damage insurance claims. The study showed that the average payments increased 4 percent over the study period. The Consumer Price Index for maintenance and repairs grew 2 percent.
Increased auto damage claims are a common reason why auto insurance costs continue to rise. Analysts point out that vehicle technology continues to evolve, making it more complicated to assess issues regarding […]
Finding car insurance for your modified car may seem like an impossible task, but it is actually a lot easier than you may think.
So you have just added a supercharger, racing spoiler, racing flames, and hydraulic suspension to your personal car. Your car essentially looks like something out of the Fast and Furious franchise. You may think that finding auto insurance is a task that is only possible to Vin Diesel, but finding a policy may be easier than you think.
Equipment Coverage and Customized Parts
Auto insurance can generally cover damage done […]
Car accidents happen every single day, and knowing their most common causes may give you the knowledge to best prevent them from happening to you.
Human beings are, put simply, terrible drivers. Every single one of us is almost destined to crash at least once in our lives due to our poor reaction times and short attention spans. Until self-driving cars become the norm, and get a significant price reduction, we are going to have to try our hardest to avoid these common accidents.
The number one cause of accidents are […]
Your auto insurance premium is based on a few factors which you more or less control, but what are these factors?
Your auto insurance premium is determined by using statistics. Various factors are plugged in to solve your chances for filing a claim. If your chances are high, you are a high-risk driver and your premium is high, as well. Directly, if your chances are low, your monthly premium is low. What are these factors that impact your auto insurance?
Car Make & Model
If your car has good safety features […]