More Americans Are Skipping Car Insurance to Save Money
High costs are forcing US drivers to forgo or downgrade insurance coverage. That's reducing the volume of totaled cars that find their way to vehicle salvager Copart.
Wreckage from an automobile crash test at the Insurance Institute for Highway Safety.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
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Squeezed by higher costs, US drivers are increasingly cutting back on car insurance — and that’s throwing a wrench in the business of reselling their wrecked cars.