Auto insurance premiums are calculated according to a variety of different factors, some industry-related and some location-related.
To help their customers pay lower premiums, auto insurance agencies find that understanding the nature of where those costs come from is important.
Are you aware what were the most common auto claims that Texas insurers saw in the last year?
Personal and commercial auto insurance agencies have the details and recommend that Texas drivers take a look.
It is information that can hopefully help Texans keep their premiums lower by becoming better drivers and making fewer claims.
And the Most Common Auto Claims In Texas in 2021 Were -
In 2021, the top three most common accidents that resulted in claims to an auto insurance agency were:
- Rear-end collisions and fender benders represent approximately 18% of all accident claims processed by some leading auto insurance companies.
- Backing up collisions, representing approximately 10% of all accident claims made.
- Hail damage represents approximately 9% of damage claims made.
Minor Auto Claims Add Up
What is particularly notable with these statistics from personal and commercial auto insurance agencies is that although these might seem like lower-cost claims in comparison to more serious accidents and damage, the cost quickly adds up to equate damage costs that are just as high, if not higher, than the lower number of more severe accidents.
While this is good in the sense that there are fewer very serious incidents overall, the sheer number of smaller incidents that auto insurance agencies see is exceptional.
These numbers become especially significant in more densely populated areas where there are more vehicles on the road at any given time and, therefore, a greater chance for these types of interaction.
Back-up accident claims cost an average of $3,500.00 per incident, with costs rising as the price of parts and labor increase as well.
When multiplied by the number of these accidents that happen in a typical day, it is easy to see how these seemingly minor accidents can so negatively affect auto insurance costs.
Control Auto Premiums By Being More Careful
Though it is impossible to control the weather, and many of those hail damage auto insurance claims may be inevitable, there are things that Texas drivers can do about the other ones.
Since both rear-end and backup accidents are avoidable in many instances, the recommendation from personal and commercial auto insurance agencies is to drive more defensively.
Drivers who pay attention to the other vehicles on the road, avoid allowing themselves to become distracted while driving, and put in a conscious effort to avoid these minor accidents can prevent them that protect both their vehicle and auto insurance premium.
Prevent Increased Premiums by Reducing Auto Insurance Claims
As auto insurance premiums continue to rise over the years, understanding the reasons why is important.
Texas drivers are all affected by the costs that auto insurance agencies pay for accident claims, whether large or small.
Fortunately, a large percentage of those claims are less severe accidents, many of which can be prevented with defensive driving.
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Drivers wishing to keep their premiums as low as possible by avoiding accidents altogether as well as contributing to a safer Texas can talk to their personal or commercial auto insurance agents, such as those at Service Insurance Group, about staying safe on the road and any safe driver discounts that may be available.
If looking for any type of personal or business insurance, the Agents at Service Insurance Group shop for the right personal or business insurance policy to fit individual needs – call them at (979) 300-7345 to get a quote!
