The Changing Vehicle Fleet and Its Impact on Safety and Insurance

The U.S. vehicle fleet has undergone radical transformations the last 30 years. Vehicles are more crashworthy than ever and increasingly equipped with technologies to enable partial driving automation and prevent crashes. However, they are also more powerful, pricey, and complex to repair. Additionally, as consumer tastes have changed, the types of vehicles in the fleet have evolved, and alternatives to naturally aspirated gasoline engines like electric vehicles are increasing in popularity. Join this session to learn how these changes are associated with shifts in claims frequency and severity.