Long repair-shop backlogs and lingering parts shortages have caused the average auto insurance repair cycle time to reach 23.1 days this year, up by 6.2 days from 2022, and more than double the ...
TROY, Mich.--(BUSINESS WIRE)--Auto insurers have been fighting two major headwinds ever since the pandemic: rising costs and longer repair cycle times. This year, according to the J.D. Power 2024 U.S.
Car insurance premiums have risen more than 20% in the 12 months ending February 2024, according to the Consumer Price Index released on March 12, 2024. The reasons for the spike range from lingering ...
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