Home / car insurance / The price of auto insurance is once again increasing for Massachusetts drivers, and insurers are laying the blame squarely on technology.

The price of auto insurance is once again increasing for Massachusetts drivers, and insurers are laying the blame squarely on technology.

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as informed in The discount rate – or Ogden rate – is designed to make it easier to calculate losses in personal injury and fatal accident cases.
Drivers will have to pay an extra £2 billion a year in car insurance premiums as a result of new personal injury compensation rules, insurers have claimed.
Amanda Blanc, Group CEO for AXA UK, said: “It is vital that injured people receive fair compensation and that the discount rate is regularly reviewed.
We estimate that UK motorists will face an extra £2 billion surcharge on their existing premiums.
The move will not be popular with motorists, who are set to bear the brunt of the change financially.

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as informed in The price of auto insurance is once again increasing for Massachusetts drivers, and insurers are laying the blame squarely on technology.
Drivers distracted by their smartphones are crashing their cars more often, and those cars are now more expensive to repair because they’re loaded with sensors and devices.
The inevitable result: higher premiums for consumers, even for those who have not had accidents lately.
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Drivers will have to pay an extra £2 billion a year in car insurance premiums as a result of new personal injury compensation rules, insurers have claimed.
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collected by :Olivia Mathio
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