The Zebra Study Finds U.S. Car Insurance Rates at All-Time High
"Insurance companies leverage thousands of data points to determine car insurance rates – things like your age, driving record, and even your credit score. Today, we're also seeing extraordinary forces like overnight tech innovation and devastating natural disasters impacting rates," says
The State of
The Zebra's annual report examines more than 52 million auto insurance rates across all
- Expensive:
- Car insurance rates in the
U.S. are higher than they've ever been, with a national average annual premium of$1,427 – a 20% increase over 2011. - Some
U.S. cities have an average annual premium of more than$6,000 . - Most expensive states for car insurance:
Michigan Louisiana Kentucky - Most expensive cities for car insurance:
Detroit , Mich.New Orleans, La. Hialeah, Fla.
- Volatile:
- Car insurance rates in some states increased more than 60% over 2011 while others increased as little as 1%.
- Meanwhile, 10 states had a net rate decrease, some by as much as 20%.
- Rate changes from one year to the next were as high as 9% nationally and up to 45% in some states.
- Inconclusive about Technology:
- Insurance companies are penalizing distracted driving use for the first time since the advent of cell phones, though still not nearly as harshly as for other dangerous traffic violations, such as drunk driving.
- Vehicles with advanced anti-theft and safety technology may be proven to reduce theft and collisions, but insurance companies offer few, if any, discounts for having these features in your car.
Other findings in The Zebra's State of Auto Insurance Report include:
- Most and least expensive vehicle makes and models to insure
- How age, gender, credit, marital status, occupation, and other personal characteristics affect insurance rates
- How much a ticket for speeding, texting while driving, DUI, and other violations would raise your insurance rates where you live
- Research-based tips for saving on car insurance
See the 2018 State of Auto Insurance Report to explore all rating factors and premiums by state.
About The Zebra
The Zebra is the nation's leading auto insurance search engine. With its dynamic, real-time quote comparison tool, drivers can identify insurance companies with the coverage, service level, and pricing to suit their unique needs. The Zebra compares more than 200 car insurance companies and provides licensed agent support and educational resources to ensure drivers are equipped to make the most informed decisions about their policies. It's "insurance in black and white."
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SOURCE The Zebra
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