Tag: high insurance premiums

How Rising Auto Insurance Costs Are Changing the Way We Buy Cars

John Bowers
man worried about Auto insurance cost

Rising Auto Insurance Costs: A Growing Concern for U.S. Drivers Auto insurance premiums in the United States have reached record highs, raising concerns about affordability for many Americans. A recent study by Jerry revealed that eight out of 10 U.S. drivers believe auto insurance has become prohibitively expensive for the average person. Even higher-income earners, those making more than $129,000 annually, are feeling the pinch. Nearly half of them have been shopping for better rates, while over half have opted for reduced coverage heading into 2024. This steady climb in…

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Louisiana drivers pay second highest premiums for car insurance now behind Michigan

H. Cutner

According to an Insure.com Quadrant Information Services study, Michigan has now taken the place held by Louisiana last year, when it had the most expensive auto insurance premiums in the country.  The average rate paid by Michigan drivers for their auto insurance is $2,541, while Louisiana’s average rate is $2,453 per year.  The study data was used to determine the cheapest and most expensive insurance rates among the states. Amy Danise, the senior managing editor at Insure.com stated that this is the study’s second year, and that the website has…

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