Fraud contributes to projected rise in rates.A handful of factors-many related to fraud--are expected to cause automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of insurance rates to rise for the fifth year in a row in 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report. Analysts at the Insurance Information Institute expect auto rates to jump 6% in 2004 as a result of rising repair and medical costs, jury awards, auto theft and fraud, according to their report. On average, the cost for auto insurance nationwide is expected to be $898 in 2004. |
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