Auto insurance rates will rise in 2022, regardless of COVID-19

Auto insurance rates - Increase 2022

No matter what the pandemic decides to do this year, drivers will be paying more than in 2021. Auto insurance rates were broadly discounted, refunded and otherwise reduced over the last couple of years, starting in 2020 when the pandemic began and sent employees home to work remotely or, in less fortunate cases to be furloughed or laid off. The lack of drivers on roads meant that the risk of crashes decreased, reducing the cost to insure vehicles. As it became clear that it was less costly to insure people’s…

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