Auto insurance costs continue to soar, with the average annual premium for safe drivers nearly $2,000. Root Insurance CEO Alex Timm joins Wealth! to discuss ...
Auto insurance costs continue to soar, with the average annual premium for safe drivers nearly $2,000. Root Insurance CEO Alex Timm joins Wealth! to discuss the factors driving these higher insurance costs.
Regarding electric vehicle and self-driving car trends, Timm emphasizes the need for consumers to adapt to driving these vehicles. He explains that it takes time to learn how to operate such advanced cars, potentially leading to changes in driving behavior, which could contribute to higher premiums due to"underlying risks."
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