Personal Automobile Insurance: More Accidents, Larger Claims Drive Costs Higher

Dr. Robert P. Hartwig, CPCU, James Lynch, FCAS, MAAA and Dr. Steven N. Weisbart, CLU
October 17, 2016

Over the past two years, both the accident rate and the size of insurance claims have climbed dramatically. These are the largest and most volatile components of auto insurance. This white paper documents the increase in costs, suggesting some factors that may be causing the increases. The paper also discusses what insurance companies are doing to keep costs in check and what consumers can do to reduce the cost of their own insurance.

Click here to download Personal Automobile Insurance Rates, October 2016, a companion slideshow that highlights key findings from this white paper. (Access limited to I.I.I. Members and subscribers)

 

Please click on the file name below to view the white paper in PDF format. You will need Adobe Acrobat Reader to view the file.

Download auto_rates_wp_092716-62.pdf

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