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Cost of fixing car parts doubles in five years
New York report summarizes 1978 Insurance Facts noting a doubling in replacement costs for front bumper, grille, hood, and front fender on a 1972 model between 1973 and 1978. It cites inflation impacts, rising labor costs, and broader insurance trends including liability reforms and increased premiums.
MENTIONED IN THIS ARTICLE
New York
Insurance Facts
Insurance Information Institute
Fact
Insurance Services Office
ISO