2023 Top Auto Hazards

The 2023 Personal Lines Market Survey, which gathered nearly 950 responses, was launched to gather insight into how auto insurance consumers—like you—shop for and use their insurance. One of the areas explored the biggest perceived auto hazards and risks.

Here are the Top 10 Auto Hazards of 2023:

Increasing costs of liability claims and lawsuits
Changing state or local laws (e.g., minimum auto insurance laws, distracted driving laws, etc.)
Natural disasters (e.g., blizzards, hurricanes, wildfires, earthquakes or floods)
Theft and vandalism
Increasing MSRPs of new vehicles and used vehicles
Increasing frequency and severity of motor vehicle accidents
Severe storm damage (e.g., hail damage)
Uninsured and underinsured motorists
Growing list of policy exclusions
Insuring multiple vehicles

How We Can Help

At INSURICA, ensuring that your vehicle is properly insured is our top priority. We’re here to be your trusted insurance advisor and provide you with the resources you need to understand gaps that may exist in your auto insurance and better understand your coverage details.

This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2023 Zywave, Inc. All rights reserved.