New data from The Zebra reveals that despite the fiscal easing measures passed by insurers during the pandemic, car policy costs have continued to climb over the years. The report found that the home median annual cost for car insurance is $ 1,529, up 3 % from last year ’ south reduced rates. It besides noted that despite the rebates provided by insurers during the pandemic, car rates have increased by 26 % since 2011 .
car policy rates besides vary across regions and states, the reputation revealed. Louisiana saw the largest average increases in car insurance rates at 42 %, making it the most expensive submit for car insurance. On the flip side, Maryland has seen the most significant decreases to modal car indemnity rates, at 9 % .
According to The Zebra, the most expensive states for car policy ( in terms of average annual rates ) are :

  1. Louisiana: $3,265
  2. Michigan: $2,639
  3. Florida: $2,425

meanwhile, the most expensive cities for car policy ( in terms of average annual rates ) are :

  1. New Orleans, LA: $3,532
  2. Baton Rouge, LA: $3,473
  3. Alexandria, LA: $3,202

While the COVID-19 pandemic decreased road activity – with the decrease in the number of miles force during the beginning year of the health crisis reported to be vitamin a high as 14 % by the Federal Highway Administration ( FHA ) – the number of annual miles drive is only one factor considered in car indemnity price, the report said. The Zebra explained that this is why drivers entirely saw a 4 % fell in rates during 2020 .
But driving bodily process is normalizing, as the FHA estimates that there was an 11 % increase in miles drive during October 2021. With the fall of drivers besides came much deadlier road conditions, as bad driving behaviors like distracted and aggressive force, accelerate and impaired drive have spiked, The Zebra stated. Citing data from the National Highway Traffic Safety Administration, the composition said that an calculate 20,160 people died in motor vehicle crashes in the first half of 2021, which is an 18.4 % from 2020.

weather was besides a divisor considered by the report. Although 2021 saw fewer hurricanes than 2020, the year was hush considered an above-average hurricane season. It was besides noted that winter storms last year caused $ 15 billion in cover losses, up from only $ 1 billion in 2020. The Zebra highlighted that much of the damage was caused by barely two winter storms that occurred in February .
The Zebra ’ s findings echo those uncovered by the National Association of Mutual Insurance Companies ( NAMIC ) in another former composition.

Read more: Revealed – what ‘s very tug car insurance costs ?
In December, NAMIC published a report which looked into the monetary value drivers that influence car insurance rate increases. The report uncovered a set of luminary data on factors that have contributed to higher rates, such as the significant increase in driver numbers, cars becoming more expensive to repair, medical concern similarly becoming more expensive over the years, more cases of car larceny and fraud, and more claims for price caused by extreme weather .

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