The decline in auto glass claims this year can be attributed to several factors:
1. Rising Repair Costs and Insurance Premiums:
Modern vehicles often feature advanced technologies integrated into windshields, such as sensors and cameras for Advanced Driver Assistance Systems (ADAS). Repairing or replacing these windshields has become increasingly expensive, sometimes reaching thousands of dollars. Consequently, insurers have adjusted their policies, leading to higher premiums and stricter guidelines for glass claims. In regions like Arizona, where windshield damage is common, policyholders have reported significant premium increases and stricter claim policies.
2. Higher Deductibles and Out-of-Pocket Expenses:
To manage rising insurance costs, many policyholders have opted for higher deductibles. This means minor damages, such as small windshield chips or cracks, often fall below the deductible threshold, leading drivers to pay out-of-pocket rather than file a claim. This shift reduces the number of claims submitted.
3. Concerns Over Policy Renewal and Premium Increases:
Frequent glass claims can impact a driver’s insurance standing. Some insurers may decline coverage or increase premiums for policyholders with multiple glass claims. This potential consequence discourages drivers from filing claims for minor damages, further contributing to the decrease in reported auto glass claims.
Collectively, these factors have led to a noticeable reduction in auto glass claims this year.
