Live Insurance News’ Post

In a recent interview with CNBC, Tom Wilson, CEO of Allstate Insurance, shed light on the underlying reasons for the spike in auto insurance rates. He pointed to a crucial factor that has often flown under the radar—the dramatic increase in used car prices over the past few years. This revelation connects the dots between the surge in vehicle costs and the consequential rise in insurance premiums. #allstateinsurance #autoinsuranceinflation #comprehensiveinsurancecoverage #consumerinformation #COVID19pandemic #insurancepremiums #Insurancestrategy #marketconditions #policyrenewal #propertycasualtyagent #rateincreases #selfdrivingcars #smarttechnology #supplychaindisruptions #TomWilson #vehiclecosts

In a recent interview with CNBC, Tom Wilson, CEO of Allstate Insurance, shed light on the underlying reasons for the spike in auto insurance rates....READ More #COVID19pandemic #selfdrivingcars #comprehensiveinsurancecoverage #TomWilson #supplychaindisruptions #policyrenewal #insurancepremiums #rateincreases #allstateinsurance #marketconditions #propertycasualtyagent #Insurancestrategy #smarttechnology #consumerinformation #autoinsuranceinflation #vehiclecosts

Costs for treating accident victims and repairing cars are going up. As a result, the cost of auto insurance is going up. So, do consumers need to buy even more coverage to keep pace with the very factors driving up the cost of auto insurance? #auto #autoinsurance https://lnkd.in/g4MzZZ6X

Insurance Journal dives into the major factors reshaping the auto insurance and collision repair industries, as revealed in our Q1 Crash Course report. Read more: https://cccis.info/3QBJRB5 #CrashCourse2024 #insurance #collisionrepair

The latest vehicles rolling off the production line are not just safer, but also smarter at helping us avoid accidents. However, this advanced technology comes with its own set of challenges. According to CCC, these high-tech features are leading to more expensive repairs, increased claims costs, and longer cycle times. But did you know that your shop’s internal process plays a significant role in this? Efficiency and accuracy are super important. 💡If your technicians are not efficient and innaccurate, it can lead to increased time and come back cost. Remember, in our industry, time is money. 👉🏽 Train at will ! #AutomotiveIndustry #VehicleSafety #AdvancedTech #Efficiency #collisionrepair #trainthemtokeepthem

Getting ready to buy your first car? Congrats! Before you hit the road, there’s one important thing to ✅ off your list – auto insurance! We’ve got you covered with everything you need to know about insuring your first car 🚘 #Insurance #InsuranceBrokers #AutoInsurance #CarInsurance #InsuranceCoverage #Drivers #Driving

Auto insurance rates are continuing to rise, this article sheds some light on why. Call me to review your policies and let's save you some money!

You might not always be able to prevent your auto insurance rates from going up, but there are steps you can take to make sure you are getting the most for your money. Learn more. #AAAEmployee

As the cost of auto insurance continues to rise, many employees are reducing their liability coverage to meet their financial needs. While this might provide short-term benefits, it ultimately leaves both the employee and employer at risk. - 1 in 20 drivers are deprioritizing insurance - 12 states experienced a 30% or more increase compared to 2022 - 5.7% increase in households that have at least one uninsured vehicle in 2023 At Motus, we understand the importance of mitigating risk and liability. That's why we've launched a protective net that continuously monitors auto insurance to ensure our clients are always covered. We listen to our clients and create platforms to meet their needs. Check out the attached article to learn more about this concerning trend and let us know if you want to learn how Motus can help. #riskmitigation #mileagereimbursement #employeebenefits

You might not always be able to prevent your auto insurance rates from going up, but there are steps you can take to make sure you are getting the most for your money. Learn more. #AAAEmployee