Amidst soaring car insurance rates, many U.S. drivers are no longer passively accepting the steep hikes. The average annual cost of full-coverage car insurance has increased by 12%.
Tag: car insurance
Trust Emerges as Top Driver of Customer Satisfaction with Auto Insurance as Prices Continue to Surge
With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-high premiums do not appear to be leveling off anytime soon.
Soaring Insurance Costs Hit as U.S. Buyers Get a Break on Car Prices
Car prices have eased as the supply chain snarls of the pandemic–especially shortages of vital computer chips–have untangled and automakers boost inventories on their lots. Meanwhile, factors including rising costs associated with repairing increasingly complicated vehicles and more storm damage amid climate change is pushing insurance rates higher.
Auto Insurance Spike Hampers the Inflation Fight
Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour. One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example.
The High Cost of Car Insurance for Both Drivers and Insurers
You may have noticed that insuring your car has gotten insanely expensive. It isn’t just happening in the U.S., and it isn’t all about used-car prices either.
Auto Insurance Rates in 2024 Jump 26% Across the U.S., Report Says
Motorists across the country are feeling the pinch as car insurance premiums continue to rise, according to a new report.
Automakers Look to Boost Customer Experience with Insurance
Some original equipment manufacturers (OEMs) are offering auto insurance as a way to extend their relationships with vehicle owners and improve the overall customer experience.
4 Reasons Why Car Insurance Premiums Are Soaring
The cost of auto insurance jumped more than 19% during the year ending in August, while overall inflation was 3.7%, according to the Labor Department Wednesday.
Car Insurance Rates Already Up 17% With More Hikes Likely
Insurify’s Mid-Year Auto Insurance Trends Report reveals inflation, climate catastrophes, and state regulations contribute to rising car insurance rates in 2023.
Car Insurance Rates Are Soaring with Little Relief in Sight
A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates,