Take advantage of an Insurance Broker | How insurers are weeding out risks in the soft auto insurance market
Commercial Auto Premiums Auto Insurance premiums, both Commercial Auto Insurance , including Truck Insurance , and Private Auto Insurance, in the US are now the highest on record, according to an annual report from car insurance search engine The Zebra, which found that insurance rates increased for 83% of American drivers over the last year. With many factors to blame, from a driver’s zip code to the cost of repairing technology-laden vehicles, the insurance market is “tightening its belt,” particularly in commercial auto, with a hardening market. One expert in this space calls the state of the auto insurance market “fragile, to say the least.” To find the best insurance deals contact an Insurance Broker in California . Soft Market Versus Hard Market “Carriers are trying to reduce their losses at this point, and a lot of different things are going on that’s driving that, whether it’s distracted driving, which is at an all-time high [or] fuel costs being ...