NU Online News Service, May 5, 3:15 p.m. EDT
Auto policyholders' comprehensive coverage deductible amounts are rising at a 160 percent faster rate than collision deductibles, according to a Mitchell International Inc. study.
The report by the San Diego-based software provider for the insurance claims and auto collision repair sectors said average deductible for comprehensive has gone from $100 in 2003 to $126.40 and collision from $100 to $110.25.
Mitchell said that its data showed the initial average first-quarter appraisal value for repairs was $2,490--$39 lower than the previous year's first-quarter average appraisal of $2,529--and applying a prescribed development factor of .2 percent to these data produces an anticipated average appraisal value of $2,495.
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