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Insurance Companies Are Writing Off Cars Faster Than Ever After Accidents

Carscoops

Insurance companies are quickly writing off cars due to rising repair and tech costs. Let’s take a look at the cogs leading to higher insurance premiums than ever before. All of that led to higher costs for insurance companies. What This Means for Your Wallet Ultimately, this all contributes to rising insurance premiums.

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GM sued for selling info of 16 million drivers to insurance companies

Motor Authority

General Motors has been sued by the state of Texas for allegedly selling detailed driving records to insurance companies at a profit, the New York Times reported on Tuesday.

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Auto Insurance Shopping Rose in Q3

AutoDealer Today

Trend was more pronounced for the segment than for property insurance.

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When you DO or DON’T need Gap Insurance💰🚙

Your Car Buying Advocate

Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You can always call your insurance agent when you leave to get a quote. This is where gap insurance helps.

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Ford Mustang Mach-E deal brings free EV charging, insurance and servicing

CarExpert

The Ford Mustang Mach-E is being offered with complimentary charging, insurance and servicing, but only until the end of the year. Ford’s six-month complimentary insurance offer is available to eligible customers who take out a 12-month policy and pay monthly. 100s of new car deals are available through CarExpert right now.

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Media post: Car Insurance Prices Set to Rise in 2025: What You Need to Know

Best Selling Cars Blog

Car insurance premiums are expected to increase significantly in 2025, with experts projecting a rise of 7-10% on average. – Distracted Driving : The persistent issue of distracted driving continues to cause accidents, raising insurance costs. This is due to the potentially higher medical costs and increased risk of lawsuits.

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Polly’s Latest Report Highlights Insurance Opportunities for Dealers

AutoSuccessOnline

According to Polly’s Q4 2024 Embedded Auto Insurance Report , auto insurance rates stabilized in 2024 after two years of steep increases. The average in-dealership insurance quote averaged $199 per month in 2024, a stark contrast to the volatile swings of prior years that saw insurance rate increases vastly exceed inflation.