Trends Pushing Auto Insurance Rates Higher

Posted on: February 18th, 2025 by Leaders' Choice Staff No Comments

Automobile insurance companies are struggling to keep up with the rising cost of collision insurance claims, and that’s forcing them to raise rates at a steady clip. In 2019, the industry paid out $62.6 billion in losses for damage to personal vehicles and $5.4 billion for commercial vehicles. By 2023, those numbers had risen to […]

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