Mobility in Motion: Opportunities for P&C Insurers

Denise Garth // September 7, 2022

(Image credit: Okai Vehicles/Unsplash.)

Average auto use is only 4 percent  of each day, yet a new vehicle purchase frequently costs 50 percent of someone’s annual income.[i] When you add in taxes, fuel, insurance, and maintenance, many people can’t make a logical case for ownership. This is especially true in urban areas, where mobility options are plentiful and on the rise. In spite of these facts, auto ownership is also on the rise. If we look at the complete mobility picture, auto insurance will remain relevant while at the same time

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