TROY, Mich.: 11 June 2024 — With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-hi...
TROY, Mich.: 30 April 2024 — The average cost of auto insurance in the United States is up 22.2% year over year through the end of March, more than any other category of household expenses measured...
Follow us: The insurance telematics market is experiencing rapid growth, driven by the increasing demand for personalised insurance products and the growing adoption of telematics technology to promote safer driving practices. According to a new report by SNS Insider, the global insurance telematics market is projected to reach a value of $18.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2032. The integration of telematics technology into insurance poli...
How will the auto insurance landscape evolve to adapt to this wave of disruption? This is a... 2 While some pioneers are pushing toward developing full vehicle autonomy, most automakers...
Nearly one-third (31%) of U.S. auto insurance customers say they experienced a rate increase during the past year as the industry raises rates an average of 15.5% and insurers continue to fight the...
jdpower.com/business Auto Insurance Customer Satisfaction Stalls Despite $18 Billion in Premium Relief, J.D. Power Finds Weaknesses in Self-Service Communications Channels Overshadow...
Trust Emerges as Top Driver of Customer Satisfaction with Auto Insurance as Prices Continue to Surge, J.D. Power Finds Fewer Than Half of Auto Insurance Customers Trust Their Insurer TROY...
Key Points ; USAA is the cheapest car insurance company in Michigan overall, with an average rate of $42 per month for minimum coverage and $195 per month for full coverage. ; Auto-Owners and Pioneer State Mutual also offer affordable car insurance rates for many driver profiles. ; You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
TROY, Mich.: 26 Oct. 2023 — Long repair shop backlogs and lingering parts shortages have caused the average auto insurance repair cycle time to reach 23.1 days in 2023, up 6.2 days from 2022 and mo...
Auto Insurance accounted for a 60 basis point increase in the recent CPI print. IRMI advised that 2023 had rising auto accidents in frequency and severity. So…