Daily Money - You could pay less to protect your car

Rising car repair costs

Modern vehicles are equipped with more advanced technology, making repairs more expensive. From sophisticated sensors to intricate electronic systems, the cost of replacing these parts has surged.

More frequent claims

The number of car accidents and insurance claims has gone up. Distracted driving (texting, etc.) has contributed to this trend. As a result, insurance companies face higher claims costs, which they typically pass on to policyholders like you.

More severe accidents

The severity of car accidents has also increased, leading to higher repair costs and medical expenses. Factors such as larger vehicles, higher speeds, and impaired driving have played a large part.

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While you can’t control these factors, you can take steps to help soften the blow on your insurance rates:

• Keep a clean driving record
• Choose a higher deductible
• Shop around for more affordable rates