A recent AAA Foundation study shows aggressive driving is increasingly affecting auto insurance claims and premiums. The report reveals 96% of drivers admitted to aggressive driving last year. Exposure to this type of behavior leads others to act the same way. Risky actions like speeding and tailgating cause more frequent and severe accidents, raising insurers’ loss ratios, which negatively impact insureds’ rates.
More disturbing, the study shows nearly 10% of drivers confessed to violent acts like confronting other drivers and bumping other cars, which increase claims costs and expenses. These rising claims drive premiums up, especially in high-risk areas.
To help reduce this trend, insurers are focusing on managing driver behavior to control losses with the goal of keeping coverage affordable.
To tackle the issue, insurers are offering telematics to track driver habits, rewards for safe driving, and promoting education and awareness campaigns. Some provide discounts to policyholders who consistently drive safely or complete defensive driving courses.
The bottom line is safer driving helps reduce insurance rates!
More disturbing, the study shows nearly 10% of drivers confessed to violent acts like confronting other drivers and bumping other cars, which increase claims costs and expenses. These rising claims drive premiums up, especially in high-risk areas.
To help reduce this trend, insurers are focusing on managing driver behavior to control losses with the goal of keeping coverage affordable.
To tackle the issue, insurers are offering telematics to track driver habits, rewards for safe driving, and promoting education and awareness campaigns. Some provide discounts to policyholders who consistently drive safely or complete defensive driving courses.
The bottom line is safer driving helps reduce insurance rates!
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