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There are always more costs associated with getting a vehicle than the initial purchase price.
The proposed change was sparked by a statewide double-digit rate increase by Allstate in 2022.
Road rage shootings have doubled in recent years, while nearly 20% of drivers have seen one vehicle chase another during the past year.
It's all about accessibility, shared data and analytics that help drive insurers' strategic imperatives; a broader view helps keep our roads safer.
Here's how non-rate actions fueled by the latest data can help improve profitability.
The Motor Vehicle Insurance Fairness Act would prohibit certain underwriting and rating actions deemed discriminatory.
The rate increase following an accident varies depending on the location, driver's history and insurance company.
Increasing cost pressure has led insurers to slow ad spend in an attempt to remain profitable.
A study from Polly showed 72% of recent car buyers would like the opportunity to get insurance at the dealership.
A recent report from QuoteWizard dug into the data to see which states' drivers had the most speeding tickets, crashes, citations and DUIs.
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