Auto insurance policyholders are warming to higher deductibles, a new report finds.
The second quarter 2010 edition of the Industry Trends Report (ITR) from San Diego-based Mitchell International Inc. delves into insurance deductible data from 2003 through 2009 for collision and comprehensive (excluding glass-only) losses. Authored by Mitchell's VP of Industry Relations, Greg Horn, the study notes that light-comprehensive deductibles are rising 160% faster than collision deductibles.
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