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Vehicle coverage fees increase, but insurers brace for greater expenditures ahead

An personnel at a utilised automobile dealership treads drinking water as he checks on cars they are moving out of the climbing waters from two days of major rain in Lexington, Miss out on., Thursday, June 10, 2021.

Rogelio V. Solis | AP

Even with current increases in auto insurance costs, the current market is nonetheless smooth, according to Elyse Greenspan, a managing director at Wells Fargo.

“The maximize sequentially was really modest,” Greenspan reported in an interview. “The rationale why there was a sturdy boost year more than year is due to the fact the top quality base in

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