Las Vegas, NV, February 20, 2014 --(PR.com
)-- Insurance claims for damages in car accidents and other personal property have rocketed higher over the past three years, and there's no sign of claims slowing down, according to a new survey. The study was conducted by InsurancePricer.net
, a news portal that provides consumers with insurance news to keep up to date with changes and save money on all sorts of insurance coverage.
A majority of those surveyed or 60% said they had made an insurance claim in the last five years, the survey revealed. The insurance industry has been beleagured with higher insurance claims since the Great Recession in many regions of the U.S. Tough economic times, higher than normal unemployment and higher crime rates in many areas contribute to the higher volume of claims.
However, 40% of those who took the online survey said they had not made a claim in the last five years. Homeowners and car insurance claims are the most common made by consumers for insurance losses experienced in burglaries and car accidents. Insurance companies raise rates for premiums as a result of claims made by policy holders, especially if there is a pattern of losses or car accidents, including higher premiums for auto insurance for drivers who get more tickets or are involved in car accidents more often.
InsurancePricer.net is an independent news portal that is set apart from the industry, offering insurance news to help consumers make better decisions on car insurance, homeowner's coverage, life and renters insurance. The website enables visitors to search and compare insurance coverage and check policies before getting insurance.