In a country of car lovers, maintenance and repair, whether due to normal wear and tear or accidents, are simply facts of life. Automotive crashes cost Americans $230.6 billion annually. That’s an average of $820 per person! Further, 2 million adult drivers and passengers visit the emergency room each year after being injured in motor vehicle crashes.
It’s hard to imagine that those in the thick of the automobile revolution could have imagined such numbers at the end of the 19th century and the beginning of the 20th. Consider, the first car insurance policy was issued in Westfield, Massachusetts in 1897. According to IBIS World, the auto insurance industry has since ballooned into a business worth $178 billion. Auto companies, 1,650 of which came into and went out of business between 1900