When was the last time you reviewed your auto insurance coverage in Greentown, Kokomo, Logansport, Noblesville, Tipton, Westfield, IN, and the surrounding areas? There are many reasons to review your auto insurance with Killingbeck Insurance & Tax Preparation. Well most think it is an opportunity to save money, which it is, it is also a chance to compare your current policy against other insurance companies. Different companies offer different discounts or other incentives, and these differences may be enough to cause someone to switch their insurance so that it better fits their needs. Contact our team today to go through your auto insurance policy.
Trends with Auto Insurance
Well it has always been suggested to shop around regularly for auto insurance, this suggestion has taken on new life with the recent price increases we have all experienced across the board. As we all struggle to deal with these increasing costs, anyway that we can save money is a welcome change. Another trend that continues to increase is usage-based insurance coverage. Usually a small device is installed in a vehicle that records various metrics of how the vehicle is driven, and this is used to develop insurance rates for the user.
AI tools are also on the rise, especially when it comes to insurance claims and accidents. More and more users are willing to take and submit their own photographs of vehicle damage in lieu of an in-person claims adjuster. As this technology continues to improve, this results in faster claims resolutions as well as holding down cost increases by the insurance companies.
Electric Vehicles Are Still Being Sorted Out
There doesn’t seem to be a week that goes by without some kind of news article related to electric vehicles. Electric vehicles are still being sorted out and having their own problems and challenges being worked on to be overcome. With these new styles of vehicles, insurance companies have their work cut out for them as well to properly ensure these vehicles while also maintaining the profit margin they need.
The auto insurance marketplace has become more challenging, not less in the last decade or more. Having the proper auto insurance in Greentown, Kokomo, Logansport, Noblesville, Tipton, Westfield, IN, and the surrounding areas is crucial to preventing larger financial consequences. Talk with our team at Killingbeck Insurance & Tax Preparation today and review your current auto insurance against your needs and desires.