Auto insurance premiums in the US are now the highest on record, according to an annual report from car insurance search engine The Zebra, which found that insurance rates increased for 83% of American drivers over the last year. With many factors to blame, from a driver’s zip code to the cost of repairing technology-laden vehicles, the insurance market is “tightening its belt,” particularly in commercial auto.
One expert in this space calls the state of the auto insurance market “fragile, to say the least.”
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