After declining last year, U.S. auto insurance rates are projected to rise slightly overall. While most states saw decreases, rates in most expensive states continued to increase. The average annual cost of full-coverage car insurance will increase to $2,158 by the end of 2026, a 1% rise following a 6% decline in 2025, according to […]
Auto Insurance Premiums Projected to Rise 4% or More by the End of 2025
Insurify projects prolonged tariffs could increase premiums as much as 7% nationally by the end of the year, up from 4% without tariffs. According to a report by Insurify, auto insurance companies looked at 2025 as a year to keep insurance rates stable, or even cut them, after years of premium increases. In the first […]
Insurify Predicts Car Insurance Costs to Increase 7% to $2,160 in 2024
After a year of rate hikes in 2023, car insurance prices will continue to increase well into 2024 but at a slower pace than last year, according to Insurify’s latest Insuring the American Driver report. Data sourced directly from Insurify, America’s top-rated insurance comparison platform, showed the average cost for a full-coverage car insurance policy […]
Car Insurance Rates Up 17% in the First Half of 2023
Another 4% increase projected before the end of the year. The average annual cost of a car insurance policy surged $240 to $1,668 in the first six months of 2023, up from $1,428 in 2022. Prices will increase another 4% before the end of the year, according to Insurify’s latest auto insurance report. The report […]
Americans Will Pay 16% More for Auto Insurance by the End of 2023
According to Insurify report, after a 9% increase in 2022, prices are projected to rise another 7% by the end of next year. The average American driver will pay nearly $1,900 for car insurance in 2023, as insurance rates continue to rise across the country. This is according to the Insurify 2022 Auto Insurance Trends […]
Insurify Research Indicates 96% of American Drivers Don’t Understand Their Car Insurance Policies
Insurify, the car insurance comparison site, released its The 5 Biggest Car Insurance Myths: What Most Americans Get Wrong About Their Policies report that investigates the average American’s car insurance literacy. The research found that 96% of American drivers don’t understand fundamental aspects of their car insurance policy, including what damages it covers them against and what […]