Why Are Auto Insurance Rates Rising?
Increasing auto insurance premiums have been troubling for policyholders and their wallets. According to statistics released in May 2023 by the U.S. Department of Labor, auto insurance premiums increased 17.1% in the previous 12 months. Although the cost of insurance may change each year for various reasons, the following information can help shed light on…
July Is Vehicle Theft Prevention Month
Vehicle theft has soared in the United States in recent years. In 2022, vehicle thefts surpassed 1,000,000 – a 25% increase from previous years. This equates to roughly one vehicle stolen every 32 seconds in the United States. To help drivers keep their vehicles safe, the U.S. Department of Transportation’s National Highway Traffic Safety Administration…
10 Safety Tips for Teen Drivers
If you have a newly licensed teen driver at home, they are likely excited to hit the road! Yet it’s important for parents to first review safety behind the wheel. According to the U.S. Department of Transportation, 2,276 people were killed in crashes involving teen drivers in 2020. Additionally, half of all teens will be…
How Inflation Can Affect Auto Insurance
When it comes to the current impact of inflation, car insurance premiums are no exception. At the start of the COVID-19 pandemic, rates initially declined due to fewer miles driven, only to climb back up. Supply chain issues, labor shortages, more complicated vehicles and higher repair costs have also driven up the total cost of…
Do You Need to Insure Your Snowmobile?
During winter, you plan to take your snowmobile out for recreational use on the local trails. It might also have more practical purposes, including transportation around a rural area when a couple feet of snow cover the ground. In all cases, you may be wondering if you need to insure your snowmobile. Connecticut residents are…
