The fast adoption of crash-avoidance technology comes with a pricey consequence – the innovations that aim to reduce the risk of car crash are also making it more complicated and expensive to fix the damaged vehicles, driving up insurance costs.
According to a JP Morgan Taylor Fry general insurance barometer released earlier this year, car insurance costs are expected to jump by 5% in 2018 – the same rate that they rose in 2017, despite the number of insurance claims getting lodged staying relatively flat.
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