If you are going to operate a motor vehicle, it is crucial that you make sure that you are properly insured. Car accidents are common, and they can result in expensive medical and repair bills. The right auto insurance policies can reduce risks and provide coverage. If you’d like to learn more about car insurance rates, contact Blue Hen Insurance LLC, serving Middletown, DE and other areas nearby.
Accident Stats and Facts
Americans rely extensively on their vehicles, and in 2021 there were more than 280 million vehicles in operation, according to Statista. The United States is home to more than 220 million people with driver’s licenses. Ultimately, around 215 million people carry car insurance. The average American will drive more than 14,000 miles per year.
Car accidents are common as well, and many people will end up involved in one at some point. Indeed, each year there are more than 5 million car accidents. While many of these accidents are relatively minor, more than 40,000 people are killed in accidents per year.
Given how common car accidents and drivers are, it should come as no surprise that the auto insurance industry is quite large. Indeed, IBIS World reports that the auto insurance market is worth over $300 billion. Data collected by the National Highway Traffic Safety Administration (NHTSA) suggests that vehicle accidents cause more than a trillion dollars worth of damage per year.
Consult With Us
If you’re operating a vehicle, it’s crucial to protect yourself, your family, and other drivers by taking out a car insurance plan. Contact Blue Hen Insurance LLC, which serves Middletown, DE and other communities to discuss auto insurance options.