Auto

’s insurance market is under pressure. Natural disasters like hurricanes and floods have spurred a surge in claims in recent years. Subsequently, rising payouts have led to increasing premiums across multiple branches of the insurance market. Understanding the mechanics behind these increases is key for policyholders navigating a potentially volatile environment. Why Do Increased Claims […]

The rise of electric vehicles (EVs) has brought about significant changes in the automotive industry. As more drivers switch to EVs, understanding the insurance implications becomes increasingly essential. Factors Influencing Insurance Rates for EVs Electric vehicles have unique characteristics that can influence auto insurance rates. One primary factor is the cost of repairs. EVs often […]