10 Major Changes in the Auto Insurance Industry in 2016
LOS ANGELES, June 14, 2017 /PRNewswire-iReach/ -- Carinsurancehints.com presents top 10 major changes in the auto insurance industry that have taken place last year, in a new blog post.
2016 has been a year of big changes in the auto insurance industry. The rise of autonomous driving vehicles, the increased investment in insuretech and an increase in car accident fatalities have affected the industry to an extended degree.
The newly released article presents some of the most notable incidents and changes in 2016, which saw the first fatality caused by an autonomous driving vehicle. The involved model was a Tesla Model S on autopilot. The driver dies when the vehicle crashed into a tractor-trailer.
Traffic fatalities have gone up
"Traffic fatalities come up as high as 10%. Data presented by NHTSA show that traffic deaths were up 10.4% in the first half of 2016 over the same time period in 2015. As a result, the NHTSA and NSC announced a new Road to Zero coalition that aims to decrease and eliminate all traffic fatalities."
Higher traffic fatalities can increase auto insurance prices as the roads become unsafe for all the motorists.
Advances in technology and new programs
Telematics auto insurance has become a popular policy, especially among millennials. This plan allows the agency to collect data about clients' traffic behavior and determine prices in real-time. Ride sharing programs have also exploded through services like Uber and Lyft.
Keeping rates low in 2017
Drivers who need auto insurance can keep their rates as low as before by using online car insurance quotes available at http://www.carinsurancehints.com/. The website provides an easy-to-use search engine that brings the best offers in an area.
"2016 has been a year of big changes for the auto insurance industry." said Russell Rabichev, Marketing Director of Internet Marketing Company.
Carinsurancehints.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://www.carinsurancehints.com/.
Media Contact: Russell Rabichev, Internet Marketing Company, 800.475.3410, russell@internetmarketingcompany.biz
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Carinsurancehints.com
