One way to combat rising insurance premiums? Speed up transactions. By digitizing the title transfer process, insurance providers can settle claims faster, saving both time and money. For carriers, quicker fund recovery isn’t just about efficiency; it’s an opportunity to reduce premiums for policyholders. The best part? This is all possible today through the National Digital Titling Clearinghouse.
Average car insurance premiums are up 51% in the last three years: Why? There are many reasons — more uninsured drivers, soaring repair costs, rising claims… And, get this — Moving violations: a single speeding ticket is boosting premiums by as much as 23.2% in some cases. Wild. (Data source: BLS / Bankrate / The Zebra)