The high-tech features on new cars make navigating the roads safer, but come with a higher price tag on the vehicles as well as the repairs and insurance.
Why? Parts are 130% higher and labor is 18% higher.
“Increasingly, simple, small repairs can now be much more costly and complex to do,” said Maxime Rieman, product manager for insurance at ValuePenguin.com, a personal finance research firm with a website that can help consumers select insurance plans.
Read the article at Detroit Free Press.
The post Insurance is Higher on High Tech Cars appeared first on Fleet Management Weekly.
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