Car Insurance Rates Expected To Rise in 2018

The auto insurance industry predicts that the ascending costs will continue in 2018. There are dew significant reasons. Find out more about this trend and get a car insurance quote online, to see how much you could pay for this year.

One obvious reason is the increase of miles spent, on average, by a driver. Lower gas prices in recent years mean many American families can afford to drive more. But increased time on the road leads to more accidents and more insurance claims, and insurance rates are adjusting throughout the country to better cover these expected costs. A higher claim frequency in your area will make you pay significantly more. Metropolitan areas will see the highest cost increases in 2018.

Distracted driving represents another serious concern for the auto insurance industry. The continuous development of entertainment industry is the primary cause for distracted driving.
According to several surveys, almost one-third of drivers access the internet while driving, and 10 percent record video with their phones. Even voice-activated car commands can divert cognitive abilities and attention.  You should not be using the phone while driving, and avoid other bad habits, such as eating or changing radio stations or podcasts. If you have a teen, be sure to talk with them about safe driving habits: The highest proportion of distracted drivers involved in fatal crashes are 15- to 19-year-olds.

Newer cars are more expensive to repair or replace. Parking sensors, lane-departure warnings, and modern carbon-fiber materials are now widely available on recently manufactured vehicles. While those smarter sensors and stronger devices can help improve safety, they are also more expensive to repair. Since 2005, the cost of body work has risen nearly 40 percent more than overall inflation, and the value of collision claims increased 8.2 percent from 2014 to 2016.

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