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Here is a paradox for you: Automakers have been increasing the number of safety features in their vehicles to help protect or avoid a crash. But this has also brought an unforeseen consquence; crash your vehicle and it is more likely that your insurance company will total it. That's according to a story from Automotive News who spoke with Bob Tschippert, senior vice president of Dallas-based underwriter Risk Theory. Tschippert explained that all of these new features has increased the costs of repairing a vehicle, thus causing the chance of an insurance company totaling vehicle to rise. "In the past, if you had a front-end collision, you had damage to the engine or the front end. But now, with the number of airbags that can run from $1,000 up to $4,000 and all the sensors up front, you're seeing more totals," said Tschippert. Throwing a wrench into this is the gargantuan Takata airbag recall. The backlog of vehicles needing replacement airbags might make it more likely for an insurance company to total a vehicle with Takata airbags in an effort to reduce the backlog. Other factors include an increase in the amount people drive and the issue of distracted driving. If there is a winner with this increased trend in totaling, it has to be salvage auctions. Insurance Auto Auctions Inc., announced back in March that it would be expanding some of their largest auctions in seven states. Source: Automotive News (Subscription Required) View full article -
Here is a paradox for you: Automakers have been increasing the number of safety features in their vehicles to help protect or avoid a crash. But this has also brought an unforeseen consquence; crash your vehicle and it is more likely that your insurance company will total it. That's according to a story from Automotive News who spoke with Bob Tschippert, senior vice president of Dallas-based underwriter Risk Theory. Tschippert explained that all of these new features has increased the costs of repairing a vehicle, thus causing the chance of an insurance company totaling vehicle to rise. "In the past, if you had a front-end collision, you had damage to the engine or the front end. But now, with the number of airbags that can run from $1,000 up to $4,000 and all the sensors up front, you're seeing more totals," said Tschippert. Throwing a wrench into this is the gargantuan Takata airbag recall. The backlog of vehicles needing replacement airbags might make it more likely for an insurance company to total a vehicle with Takata airbags in an effort to reduce the backlog. Other factors include an increase in the amount people drive and the issue of distracted driving. If there is a winner with this increased trend in totaling, it has to be salvage auctions. Insurance Auto Auctions Inc., announced back in March that it would be expanding some of their largest auctions in seven states. Source: Automotive News (Subscription Required) -
Came across this, the Auto Insurance Industry released their list of the top most ticketed auto's. The winner is. . . . . . . . . . . . . . . . . . . LEXUS ES 300 CARS WITH THE MOST TICKETS (car, percentage of drivers ticketed) Lexus ES 300, 33% Nissan 350Z, 33% Dodge Charger SE/SXT, 32% Volkswagen Jetta GL, 31 Chevrolet Monte Carlo LS/LT, 31% Mazda 3S, 30% Volkswagen GTI, 30% Dodge Stratus SXT, 30% Acura 3.0s, 30% Toyota Tacoma, 30% Mazda Tribute, 30% Subaru Impreza WRX, 30% Lexus LS 400 Series, 30% Subaru Impreza 2.5i, 30% Mercedes-Benz C300 4 Matic, 30% Chevrolet Malibu 2LT, 29% Lincoln LS, 29% Ford Fusion S, 29% Mazda 3i, 29% Chevrolet Tahoe K1500, 29% http://www.cnbc.com/2016/02/18/drive-a-lexus-it-may-be-the-most-ticketed-car.html
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Came across this, the Auto Insurance Industry released their list of the top most ticketed auto's. The winner i. . . . . . . . . . . . . . . . . . . LEXUS ES 300 CARS WITH THE MOST TICKETS (car, percentage of drivers ticketed) Lexus ES 300, 33% Nissan 350Z, 33% Dodge Charger SE/SXT, 32% Volkswagen Jetta GL, 31 Chevrolet Monte Carlo LS/LT, 31% Mazda 3S, 30% Volkswagen GTI, 30% Dodge Stratus SXT, 30% Acura 3.0s, 30% Toyota Tacoma, 30% Mazda Tribute, 30% Subaru Impreza WRX, 30% Lexus LS 400 Series, 30% Subaru Impreza 2.5i, 30% Mercedes-Benz C300 4 Matic, 30% Chevrolet Malibu 2LT, 29% Lincoln LS, 29% Ford Fusion S, 29% Mazda 3i, 29% Chevrolet Tahoe K1500, 29%
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William Maley Staff Writer - CheersandGears.com August 7, 2013 Yesterday at at the Center for Automotive Research’s Management Briefing Seminars, General Motors' Chief Economist Mustafa Mohatarem told attendees that the reason young people aren't buying cars because they're not interested. It's more to do with economic reasons. Mohatarem downplayed the reason that young kids are more interested in the internet and what's the latest hot thing in tech, and pushed the rising costs of cars, repairs, and insurance as some of the reasons why young people aren't buying vehicles. “I don’t see any evidence that the young people are losing interest in cars," Mohatarem said. He says the biggest problem facing young people buying cars is they are having a challenging time finding jobs. Also, high student loan debt are causing many to skip buying a car. “Buying a car is less attainable for the young, but that quickly changes as they get older," he said. Source: The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
William Maley Staff Writer - CheersandGears.com August 7, 2013 Yesterday at at the Center for Automotive Research’s Management Briefing Seminars, General Motors' Chief Economist Mustafa Mohatarem told attendees that the reason young people aren't buying cars because they're not interested. It's more to do with economic reasons. Mohatarem downplayed the reason that young kids are more interested in the internet and what's the latest hot thing in tech, and pushed the rising costs of cars, repairs, and insurance as some of the reasons why young people aren't buying vehicles. “I don’t see any evidence that the young people are losing interest in cars," Mohatarem said. He says the biggest problem facing young people buying cars is they are having a challenging time finding jobs. Also, high student loan debt are causing many to skip buying a car. “Buying a car is less attainable for the young, but that quickly changes as they get older," he said. Source: The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
