Crashes involving lighter vehicles generate more expensive auto injury claims, a nonprofit insurance industry-backed research group reported, and said the finding could offset accident frequency declines linked to rising gasoline prices.
The new research may provide an understanding of how higher gas prices will affect auto insurance costs, Malvern, Pa.-based Insurance Research Council explained.
IRC found the average auto injury claim payment in accidents involving lighter-weight vehicles was 14.3 percent greater than the average payment in accidents involving heavy vehicles, or $5,554 compared with $4,859.
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