Texas drivers face escalating car insurance rates, with premiums rising significantly in 2024. Insurers attribute these increases to higher repair costs, more frequent accidents, and severe weather events.
Tag: car insurance rates
COVID-19 Relief Ends: Auto Insurance Rates Back on the Rise
The Zebra, the nation’s leading insurance comparison site, released its 2022 State of Auto Insurance Report revealing the national average annual cost for car insurance to be $1,529, up 3% over last year’s reduced rates from the COVID-19 pandemic. The Zebra’s sixth annual State of Auto Insurance Report provides an under-the-hood look at more than… Continue reading COVID-19 Relief Ends: Auto Insurance Rates Back on the Rise
Will Personal Auto Insurers Enter a Price War?
Personal insurers have been benefiting from fewer claims, but nothing lasts forever. Auto property-damage and injury frequency, as insurers put it, dropped by a quarter or more from a year earlier in the first half of 2020 at Allstate, Berkshire Hathaway’s Geico and Progressive, according to company filings. Not only were people driving fewer miles… Continue reading Will Personal Auto Insurers Enter a Price War?
Consumer Groups Call for Lower Auto Rates as Driving Lessens Amid Stay-At-Home Order
Millions of people across the country are at home as the nation tries to flatten the curve. While the roads aren’t empty, traffic has decreased significantly. Nationally, personal travel dropped by 30% from Feb. 28, 2020, to March 20, 2020, according to a report by Inrix, a company that uses car and phone navigation systems… Continue reading Consumer Groups Call for Lower Auto Rates as Driving Lessens Amid Stay-At-Home Order