According to LexisNexis, 27% of cars involved in accidents are now considered totaled, a significant jump from just 19% in 2018. And that wasn’t a one-off year: the percentage has risen steadily each year since, suggesting this trend isn’t slowing down anytime soon.
Cars are more capable and safer than they’ve ever been. At the same time, the systems that make them so are costing consumers way more in premiums. Thus, when it comes to safety, it definitely comes at a price when buying or leasing a new car equipped with the latest tech. Replacing a bumper now often means replacing a bumper possibly packed with radar, lidar, and ultrasonic sensors.
