“The problem is that we do not have enough information on how to actually perform the service,” he said.
“I would like to see more data.”
In his latest report, Car and Driver, Car Insurance Advisor and Consumer Watchdog executive director Josh Stinson wrote that the number of car insurance companies offering car maintenance services has more than doubled in the past three years.
In fact, insurance companies have increased their investment in car maintenance by more than $10 billion since 2009, he said, citing an analysis by Consumer Reports.
Stinson noted that the average amount of money insurers pay for car maintenance in the U.S. is about $2,000.
But that’s a drop in the bucket compared to the average $10,000 premium for auto insurance.
According to the analysis, insurers spent about $4 billion on car maintenance for 2017.
In addition to insurance companies, the industry is expected to spend more than that on vehicle maintenance in 2019.
In some states, the average annual premium for car insurance is more than twice the average for auto maintenance.
In New York state, for example, average premiums for car owners averaged $18,100 per year, according to the insurance industry.