With the U.S. seeing auto insurance premiums increase an average of 17% during the first half of this year, according to Insurify, Inc., drivers across the country are looking for ways to save some money.
Insurance costs play an important role in the overall cost of ownership, according to Chong Gao, director of product management R&D for Mercury Insurance. Gao noted that certain vehicles are known for having lower repair costs, which typically means they are less expensive to insure.
This point is especially prudent now, as growing repair costs are one of the factors causing auto insurance premiums to grow.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
