A new study by the Insurance Research Council (IRC) finds that despite recent premium increases, auto insurance remains more affordable relative to household income than it was in the mid-2000s. According to the IRC study Auto Insurance Affordability: Countrywide Trends and State Comparisons, U.S. households spent approximately 1.51% of their income per vehicle on auto […]
Georgia Personal Auto Insurance Among Least Affordable States in the Country
Claim litigation, uninsured motorists a growing concern, according to IRC Study. Georgia’s personal auto insurance affordability has deteriorated in recent years, climbing the ranks of least affordable states over the past decade and a half, according to the new report Personal Auto Insurance Affordability in Georgia, by the Insurance Research Council (IRC), a division of […]
IRC Reports 14% of U.S. Drivers Were Uninsured in 2022
Rate of uninsured motorists above pre-pandemic level, but down slightly from 2021. About one in seven U.S. drivers (14.0 percent) operated a private-passenger vehicle without liability insurance in 2022, according to an estimate contained in a new report released today by the Insurance Research Council (IRC). The District of Columbia (25.2 percent), New Mexico (24.9 […]
Insurance Research Council Study Finds Driver Telematics Programs Face Privacy Concerns
More U.S. drivers are open to opting into usage-based insurance (UBI) programs to save on their auto insurance premiums, yet more widespread acceptance of telematics programs and UBI remains elusive due to privacy concerns, according to a new study from the Insurance Research Council (IRC), a division of The Institutes. The Insurance Research Council (IRC), […]
One in Eight Drivers Uninsured in the U.S.
Insurance Research Council reports uninsured rate varies from a low of 3% in New Jersey to a high of 29% in Mississippi. One in eight drivers on the road in 2019 was driving without insurance, according to a new report from the Insurance Research Council (IRC). In 2019, the estimated countrywide uninsured motorist rate was […]
Insurance Will Face COVID-19 Side-Effects Even After Pandemic Ends
Half of respondents indicate they will continue to work from home all or part of the time after the pandemic ends. A new study from the Insurance Research Council (IRC) finds that two-thirds of respondents worked from home at least part of the time during the COVID-19 pandemic. The survey, conducted in October, also reveals […]
Most Americans Believe Vehicle Ownership Is Good Investment But New Transportation Options May Change Views
A new study from the Insurance Research Council (IRC) shows that motor vehicle ownership is considered a good investment by most adults, but that attitudes toward ownership are challenged by the availability of transportation alternatives such as Uber and Lyft. Two-thirds of all respondents surveyed for the study (66 percent) either strongly or somewhat agreed […]
Insurance Research Council Survey Finds Third of Adults Would Forego Owning a Vehicle for Self-Driving Vehicles Operated by Networks
Half would be interested in owning autonomous vehicle. According to a new report from the Insurance Research Council (IRC), more than one-in-three adults countrywide would likely forego owning or leasing a personal vehicle if self-driving vehicles operated by transportation network companies, such as Uber and Lyft, were available to them. More than half of those […]