In a recent opinion piece, vp of the New Jersey Civil Justice Institute, argues that escalating auto insurance premiums in New Jersey are being driven by factors that nearly destabilized the market in the past — namely, insurance fraud and aggressive legal advertising.
Tag: auto insurance
Rising Tariffs and Auto Insurance: What to Know About the Financial Impact and Cost Strategies
Newly implemented tariffs on auto-related imports are expected to influence the cost structure within the auto insurance sector significantly.
New Senate Bill Proposes Public Auto Insurance Option in Texas
Texas lawmakers are exploring a new approach to tackle the steep rise in auto insurance premiums. Senate Bill 1246, known as the “Auto Insurance Public Option Act,” aims to introduce a state-administered insurance option for all Texas residents.
Auto Insurance Rate Increases Slow in 2025 — but Premiums Still Hit a Record High
According to the newly released State of Auto Insurance in 2025 report by ValuePenguin.com, a LendingTree company, insurers are raising premiums by an average of 7.5% this year — a noticeable drop from the 16.5% jump in 2024.
Disparities in Rate Regulation for Personal Auto Insurance Has Negative Impacts
A new study from the Insurance Research Council (IRC) shows that the processes to achieve approved rate filings for personal auto insurance throughout the U.S. has become more cumbersome since 2010, negatively impacting market performance.
Study Reveals Challenges in Auto Insurance Rate Regulation
A recent study conducted by the Insurance Research Council (IRC) has revealed that regulatory processes for approving personal auto insurance rates have become significantly more burdensome since 2010.
Hurricanes Helene and Milton Push Auto Insurance Claims Sky-High
From flooded cars to crushed trucks, hurricanes Helene and Milton left a trail of destruction that’s now adding pressure to an already rising trend in auto insurance rates.
Car Insurance Price Increases Are Slowing, Offering Drivers a Break
According to the latest data from the Consumer Price Index (CPI), auto insurance inflation reached 16.3% year-over-year in September 2024, down from a peak of 22.6% in April.
Louisiana’s “Holistic” Plan to Address Sky-High Auto Insurance Rates
With Louisiana’s auto insurance rates among the highest in the country, LA Insurance Commissioner Tim Temple is taking a “holistic” approach to tackle this issue, but many obstacles remain.
Continued Confidence in Auto Insurers Despite Rate Hikes
In a climate where auto insurance premiums are steadily increasing, one might expect consumer trust in insurers to decline. However, a recent survey reveals a different story.