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Auto insurance claims costs rebounded this year after plummeting during the COVID-19 pandemic, but the number of collision claims remain 15% below 2019 ....
Auto body repairs to late-model electric vehicles after minor collisions cost about 3% more than for gasoline cars, even though less time is required for ....
Traffic Returning to Roadways, But Claims Patterns May Shift Permanently The number of cars on US roadways is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and severity will return to historic patterns. Metromile, a San Francisco-based pay-as-you-go auto insurer, expects a permanent change in driving patterns even after pandemic restrictions are completely lifted. “We think that there is going to be a very large group of Americans who are going to permanently drive less,” said Communications Director Rick Chen. CCC Information Systems, a Chicago tech company that sells auto claims software, also said a long-term shift in traffic patterns may emerge in a claims report released in March. ....
Traffic Returning to Roadways, But Claims Patterns May Shift Permanently The number of cars on US roadways is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and severity will return to historic patterns. Metromile, a San Francisco-based pay-as-you-go auto insurer, expects a permanent change in driving patterns even after pandemic restrictions are completely lifted. “We think that there is going to be a very large group of Americans who are going to permanently drive less,” said Communications Director Rick Chen. CCC Information Systems, a Chicago tech company that sells auto claims software, also said a long-term shift in traffic patterns may emerge in a claims report released in March. ....