Ed Gillman, lead insurance problem solver, has identified the 5 main reasons why auto insurance rates are soaring:
Bad Driving. Georgia drivers have long been considered among the worst in the country.
Major road construction particularly in metro Atlanta has created even more dangerous roadways
Distracted driving (texting, emailing, social media, maps, and even watching movies) Netflix is among the top 10 apps that has climbed to alarming levels of usage. Recent surveys claim 97% of drivers in the US use their phones while driving
With lower gas prices and a stronger economy more Americans are driving more miles per year than in ever before
The technology embedded in newer vehicles has increased the cost of repairs by 200% in some cases. A bumper without technology used to cost under $700 to repair but today that bumper with cameras and sensors costs $1500.
The bad news is, we need get used to the increases. The good news is, we will possibly see a reduction in auto insurance costs once autonomous driving occurs in this country but that’s still a few years away, and won’t happen until there is mass utilization of driverless vehicles.
In the meantime, look at increasing deductibles and utilizing deep discounts available through telematics (automated driver tracking devices). These could save you between 10% and 35% off your annual premiums.
The attack on Israel and its people, and the resulting war and bloodshed are an enormous tragedy. We join the US government and global community in condemning the horrific attacks on Israel and stand in solidarity with the Israeli people.
If you would like to donate in support of Israeli soldiers as well as families of the wounded and dead, please do so to the Friends of IDF (Israel Defense Fund).