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Vehicle Deaths Estimated to be Highest in Nine Years

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How Increased Vehicle Deaths Affect Life Insurance and Auto Insurance Companies

 

A recent study shows that an estimated 40,200 people died in automobile accidents on the road in 2016. That’s a six percent increase over the previous year, and a fourteen percent increase since 2014. It’s the highest two-year increase in more than 50 years. October 2015 saw the most auto deaths, but the highest year over year increase came in February.

 

Lower gas prices and an improving economy contributed to a three percent increase in vehicle mileage, but distracted driving and other risky driving behaviors are to blame for the uptake in accidents according to analysts. According to the National Safety Council survey, sixty-four percent of drivers are comfortable speeding, while forty-seven percent are comfortable texting while driving. While drivers often believe that voice-command texting is safe, it can take over 15 seconds to complete which exceeds the safe level of interaction time.

 

The cost of these deaths, injuries and property damage is estimated to be about $432.5 billion over the course of last year.

 

As the amount of accidents, and their severity increases, so does the cost insurance companies have to payout through auto insurance and life insurance claims. As a result, insurance costs will rise, which can make it difficult to sell policies.

 

If you are an independent auto or life insurance agent, Parasol Leads can help you increase insurance sales with life insurance leads. With exclusive life insurance leads for agents, you can spend less time prospecting, and more time on the phones converting leads into sales. Whether you’re looking for exclusive life leads or shared leads, Parasol Leads generates the best life insurance leads for our clients. Set your own filters, and buy insurance leads that fit your needs.

 

While the increase in claims and severity may be on the rise, your auto and life insurance sales can be on the rise as well with help from Parasol Leads.

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