Tag: American drivers

More Americans are shopping for auto insurance than ever before, JD Power

Nordstrom
Auto insurance - Shopping for insurance on computer

An increase in car ownership and rising premiums are among the reasons people are shopping around. The number of households in the US with cars but that don’t have auto insurance increased during the first half of this year, and the percentage of drivers who say they’re shopping for coverage has hit record levels. JD Power released data based on their findings in a recent report based on American households. JD Power recently published an auto insurance intelligence report in which they revealed the trends they identified in this market.…

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Car insurance rose by at least 25 percent last year in three US states

Live Insurance News
Car insurance - Rise in cost 25 percent

American drivers are braced for more increases in the premiums they’re paying on their auto policy. Across the US, there were three states that experience car insurance price increases by 25 percent last year, and experts are cautioning American motorists that the premiums are expected to continue rising. As much as auto premiums rose last year, 2023 is likely to see policies getting more expensive. Interest rate increases, inflation, the volatility of gas prices, and a spectrum of other causes have sent car insurance rates skyward in the last year.…

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3 in 4 female drivers say gender shouldn’t be an auto insurance quote factor

H. Cutner
auto insurance - woman driving vehicle

A recent Forbes Advisor survey showed that most drivers feel they are overpaying for their coverage. Nearly 60 percent of American drivers believe that they are overpaying for their auto insurance coverage, according to a survey conducted by a team at Forbes Advisor. The research also examined drivers’ perception of different factors used to calculate premiums. The survey examined the various pricing factors for auto insurance and American drivers’ opinions on the use of those factors to calculate their premiums. The research involved the participation of 2,000 drivers across the…

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Where are the safest drivers in the US? Allstate knows

Nordstrom
car driver highway safest drivers

The insurance company has released a report in which it found the best motorists and worst days of the year. Allstate Insurance has released its “America’s Best Drivers Report” in which it identified the areas with the safest drivers in the country. The report’s insight shows a considerable difference among the habits of motorists in different cities. This information is helpful as the winter weather sets in and greater care is required behind the wheel. The report clearly showed the safest drivers when it comes to winter driving. Snow, wind,…

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Auto insurance prices increasing for third year

florida no fault car insurance

The cost of vehicle coverage will rise by 2.8 percent this year. American drivers are likely to experience yet another increase in their auto insurance rates, for the third year in a row as insurers attempt to increase their profits in a time that interest rates have been held at record lows, and natural disasters have caused costs to skyrocket. The average driver will likely see an increase of 2.8 percent, according to the Insurance Information Institute. This means that consumers who were paying an average of $816 last year…

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