High levels of vehicle theft have also made car insurance more expensive in recent years. 2023 saw overone million vehicle thefts, which was almost an additional one percent increase from 2022, the highest recorded number since 2008. Because the risk of vehicle theft is higher than usual, insur...
The rates for our study are based on profiles for male and female drivers who are 17, 25, 35, and 60 years old. The vehicles used include the 2018 and 2023 Honda Civic, the 2018 and 2023 Toyota RAV4, and the 2018 and 2023 Ford F-150, with mileages of 6,000 and 12,000 annually...
35 and 60. Vehicles used include the 2018 and 2023 Honda Civic, 2018 and 2023 Toyota RAV4, and 2018 and 2023 Ford F-150, with annual mileages of 6,000 and 12,000 for each one. Three car insurance coverage levels were used, as were credit tiers of good, fair and poor. Clean drivi...
Farmers allows customers to pair umbrella insurance with auto insurance for customers who want to increase their liability coverage limits. 15. Country Financial Car Insurance Rounding out our list of top picks for car insurance is Country Financial, a carrier that dates all the way back to ...
In 2023, a whopping 45,800 car insurance scams were detected, worth £501 million.[2] And because insurance fraud is a criminal offence, if you choose to go down this road, you could end up with a criminal record. Why does fronting happen? It usually happens when high-risk drivers ...
As a result, used vehicle prices and new vehicle prices are expected to increase. E-commerce: a solution for the bumpy road ahead? Financial reports have revealed how the outbreak of the coronavirus pandemic has triggered a shift in vehicle-buying behavior. With many consumer goods and ...
In 2023, there were 1.90 million new passenger cars registered in the United Kingdom. This was an 18 percent increase compared to the previous year. The UK new car market has recorded its best year since the pandemic. The growth in 2023, was attributed to fleet investment, as the supply ...
You are likely to see your insurance rates increase after an at-fault accident unless you have an accident forgiveness endorsement on your policy. Accidents can result in costly insurance claims, and even a single accident may lead your carrier to see you as a riskier driver. These insurers of...
Turo, a peer-to-peer car rental platform, observed a surge in the use of electric vehicles in 2023 for summer road trips, with a 139% increase in users filtering listings by "electric" on the platform. Government incentives and regulations aimed at promoting electric mobility are fueling the...
When reviewing a car allowance policy, the employer must confirm that the employee’s take-home pay can cover their actual expenses, not just the pre-tax amount. But, simply raising the car allowance may not be the most effective solution. While it may increase the employee’s take-home pa...