Auto insurance premiums climb in the Valley. How much may depend on where you live
In
"The cost of car insurance keeps rising, with average rates up nearly 30% since 2011," the report's authors wrote. "That's more than double the rate of inflation in the
As more drivers make their way on Valley roads and highways, the added volume has contributed to higher rates over the past decade. "The
"Insurance costs have also been impacted nationally by accidents caused by distracted driving," Beck added, referring to driving while texting, calling or handling a phone or other device, "and technology updates making cars more expensive to repair after a crash."
Rates can vary from one driver to another based on factors such as location, age, driving history, amount of coverage, the insurance company, and others. Among other Valley counties, the reported premium was
While
But not only can premiums vary from one county to another, they can also wobble wildly from one ZIP code to another. Out of the five-county Valley region, the highest premium of
In
The Zebra's report reflects 2019 premiums. But many drivers could see rebates from their automobile insurance companies for at least a few months of 2020 because the novel coronavirus has prompted widespread stay-at-home orders, causing a drastic reduction in vehicle traffic and a corresponding reduction in claims being paid out by insurers. Those rebates, however, aren't reflected in this report.
Because so many factors play a role in how insurance companies establish their premiums, The Zebra's analysis was based on seeking coverage for a 30-year-old unmarried man with a good driving record, driving a 2015 Honda Accord EX with a coverage limit of
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