What is the goal for the Comp/Collision direct cost?

The goal for the Comp/Collision direct cost is aimed to be $27 per car. This figure is typically established based on various factors, including industry standards, historical cost data, and strategic business objectives. It reflects the balance between providing adequate coverage and maintaining competitiveness in pricing while ensuring the company can effectively manage its expenses related to claims.

Setting a specific cost target helps guide operations and financial strategies within the organization. It ensures that resources are appropriately allocated to maintain profitability without compromising the quality of service or reliability in claims processing for customers. The goal of $27 per car serves as a benchmark for evaluating performance and making necessary adjustments to improve efficiency in managing these costs.

Establishing this goal requires ongoing analysis and monitoring of trends in the auto insurance market, as well as the company's performance in relation to claims, repairs, and customer satisfaction, contributing to the overall success of the organization's financial health.