By Travellers Insurance
Over the past decade, auto insurance rates have increased steadily, well exceeding the rate of inflation over the same period. But what’s driving this upward trend? Explore factors that have significantly impacted the rates for commercial auto.
Auto Rates by the Numbers:
Driver Distractions: 25% of employees reported crashes or collisions while driving for work due to using a mobile device or tech.¹
Repair and Replacement: The consumer price index of motor vehicle maintenance rose 13% between 2023 and 2024 alone.²
Loss Costs: Bodily auto injury severity has increased by 9.2% year over year and is attributed to uninsured motorists, medical cost inflation and a rise in speeding.³
See full article here – 6 Forces Driving Commercial Auto Insurance Costs
Safety Insights: Putting the Brakes on Rear-End Collisions
Nearly 7 million motor vehicle crashes were reported in the U.S. in 2018.1 Rear-end accidents can cause serious harm to people and property, and can result in significant costs for business owners. If your employee is at fault for a collision while on work duty, your business could be held financially responsible – no matter if that employee is driving a company vehicle or their own.
See full article here – How to Help Prevent Rear-End Collisions
