In recent years, the costs of towing liability insurance have skyrocketed. The insurance companies have offered several different reasons for this unprecedented escalation. I’ve heard it’s because the costs of automobile liability insurance, in general, has risen. More drivers on the road means more accidents, which means higher insurance for everyone, including the tow industry. Others have attributed the increase to several major insurance companies pulling out of the market. Less insurers means increased costs for those that remain. Finally, some insurance companies have said that towing is simply too risky to insure. Towing is expensive and dangerous.
To access this post, you must purchase TowLawyer Membership.