Good News about Gas Prices, Fewer Accidents

It seems that one good thing has come out of gas prices being over $4 a gallon. The NTSB has reported less auto accidents over the last few months. This is an interesting development in the risk and insurance world and I have a prediction. For the remainder of the year gas prices will continue to rise. As less people drive on the roads the accident rates will continue to fall. Insurance companies will have to reduce rates because the actuaries will give them numbers with less claims. As auto insurance rates fall, the insurance consumer will have some relief of their gas bills by paying less in premiums. Interesting thought right?  Lets see how it plays out. Until next time be careful out there and know your risks.  K

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