The Reality of Car Crashes - Trends Affecting Auto Insurance

    Posted by Soules Insurance on Tue, Feb 19, 2019

    If you've experienced a minor car accident, you're not alone. According to the National Safety Council, approximately 18,720 people died on U.S. roadways between January and June in 2018. An additional 2.1 million people are estimated to have sustained serious crash-related injuries during the first six months of 2018. There are a number of factors impacting the auto industry today and car crashes are just one of them.

    See below for an infographic from Encompass which reveals additional factors impacting auto insurance today.

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    Tags: auto, auto insurance, Car Insurance, Auto Premiums, Auto Policy, Car, Car Insurance Changes, Buying Car Insurance, Buying Auto Insurance, Car Crash, Auto Insurance Trends

    10 most expensive states for buying auto insurance

    Posted by Soules Insurance on Wed, Nov 28, 2018

    Driving is a way of life in the U.S.

    But drivers should never take to the road without auto insurance, which is regulated at the state level. That means the price of coverage can vary drastically from one state to the next.

    There are many factors that go into determining how much one pays for auto insurance. Age, gender, marital status and home address all factor in. Such elements make it difficult to compare prices between auto insurance companies without going through the hassle of obtaining very specific quotes.

    Fortunately, the folks at crunched the numbers and found out how much auto insurance costs across the country.

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    Tags: auto, auto insurance, Car Insurance, Top 10 States, Auto Premiums, Expensive, Personal Lines, Expensive Car Insurance, Buying Car Insurance, Buying Auto Insurance

    5 Most Expensive States For Insuring A Teen Driver

    Posted by Soules Insurance on Wed, Jun 27, 2018

    Adding a teen driver to an auto insurance policy automatically raises rates in every state in the country, and not by a small margin. To make matters worse for parents, the cost of adding their teen to their auto policy is becoming increasingly expensive year after year, with some states seeing prices increases exceeding 100%.

    The reason is that teen drivers are the riskiest demographic on the road today. According to the Centers for Disease Control and Prevention (CDC), motor vehicle crashes are the leading cause of death for U.S. teens, and account for 6 accident related deaths per day.

    According to the Institute for Highway Safety (IIHS), teens have a crash rate per mile driven that is three times that of drivers 20 and older. The IIHS also points out that in 2013, teen drivers represented only 7% of the U.S. population but accounted for 11% and $10 billion worth of the total costs of motor vehicle injuries.

    Keep reading to see which states are the most expensive for adding a teen driver to an auto insurance policy.

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    Tags: auto insurance, Teen Drivers, Car Insurance, Insurance Carriers, Insuring a teen driver, Driver Discounts, Teen Driver, Auto Premiums, Expensive