Car Insurance Prices Highest In History, Up For Two Thirds of Drivers
Added 01-14-20 08:04:02am EST - “The Zebra, the nation's leading insurance comparison site, today released its 2020 State of Auto Insurance Report, which reveals that car insurance rates have risen for two-thirds of American drivers (63%) over the past year.…” - News.yahoo.com
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The Zebra's annual report reveals steep increases since last year, price discrepancy in the thousands across the nation, and technological impacts, after a decade of analysis
AUSTIN, Texas, Jan. 14, 2019 /PRNewswire/ -- The Zebra, the nation's leading insurance comparison site, today released its 2020 State of Auto Insurance Report, which reveals that car insurance rates have risen for two-thirds of American drivers (63%) over the past year. Rates across the U.S. are higher than they've ever been — up nearly 30% since 2011 with an average annual cost of $1,548.
The Zebra's 2020 report provides comprehensive analysis of 73 million auto insurance rates from 418 insurance companies across 34,000 U.S. ZIP codes to examine trends that impact rates at a national, state, and local level.
"With auto insurance getting more expensive, it's important for drivers know what goes into their rates. Yet, for most people, it's a mystery why some drivers pay $500 per year while others pay $5,000," says Nicole Beck, Director of Communications and licensed insurance agent at The Zebra. "The 'why' is a mix of factors: weather in your area, your credit score, how you drive, and more. But the bottom line is that drivers actually have more control over what they pay than they may think."
Auto Insurance is More Expensive Than EverAnnual car insurance premiums are up for 63% of drivers in the U.S., with some markets now exceeding $6,200 - four times the national average.
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