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Jared Seyl, Denver Expert, Breaks Down the Rise of Auto Insurance Due to Uninsured Motorists in the Los Angeles Post Examiner

Industry: Finance

Jared Seyl, a Denver Farmers Insurance expert, was recently featured in the Los Angeles Post Examiner explaining the rise in the cost of auto insurance due to uninsured motorists

Greenwood Village, CO (PRUnderground) January 8th, 2020

In the article, which can be found at https://lapostexaminer.com/jared-seyl-farmer-insurance-explains-why-the-cost-of-auto-insurance-is-rising-due-to-uninsured-motorists/2019/10/15, Seyl shared that car insurance expenses are rising, especially in Colorado, because many motorists are choosing to drive without insurance. Unfortunately, this phenomenon is affecting even the state’s best motorists.

Specifically, the article goes on to explain that even good drivers in Colorado are finding that their car insurance costs are increasing due to uninsured drivers. In addition, the number of people driving sans insurance is on the rise not only in Colorado but also across the United States.

According to a recent study, about 13% of people on the road had no insurance back in 2015. This was an increase from the more than 12% who reported having no car insurance in 2010, according to Seyl. This is the case despite the fact that drivers in the majority of states are required by law to purchase car insurance.

Seyl explained that if an uninsured motorist is at fault in a car crash, the insured driver impacted by the crash (and his or her insurance providers) has to cover the physical damage and health care costs stemming from the collision. In the same way, if an insured driver is struck by an underinsured motorist, he or she has to cover the expenses that the underinsured motorist’s auto insurance provider will not cover.

About Farmers Insurance

Farmers Insurance continues to emphasize the importance of having car insurance, as well as of having enough coverage to provide top-tier financial protection in the event of a car accident. For this reason, the insurance agency offers auto insurance to its customers. However, Farmers Insurance also provides a wide range of other insurance coverage options to meet clients’ various needs.

For instance, customers can obtain motorcycle and even recreation insurance for travel trailers, RVs, ATVs, and boats through the company. Farmers Insurance also offers life insurance and home insurance. In addition, the owners of medium-sized or small businesses can take advantage of a wide variety of business insurance policy options, such as property and liability insurance, workers’ compensation insurance, and commercial automobile insurance.

Financial products and services, such as variable annuities and mutual funds, are also available at Farmers Insurance.

Farmers Insurance, which started in 1928, continues to be a major force in the insurance industry. It generates more than $19 billion from insurance policy premiums on an annual basis by meeting the needs of over 10 million families.

The company takes pride in the fact that it offers top-of-the-line insurance products that meet the unique needs of its clients. It is also passionate about educating its staff through its University of Farmers and grooming them to excel in the entrepreneurial world. Farmers Insurance strives to continue to stand out for all the right reasons due to its unparalleled focus on delivering the combination of excellent products, customer service, and industry leadership in the years ahead.

The news site hosting this press release is not associated with Jard Seyl. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the product or service.

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