Are car insurance premiums rising?
The fact is, premiums for car insurance have been rising across the country all year. Progressive, the country’s number one car insurer, stated in a July financial report that they raised rates in 17 states by an average of 6% in the second quarter of 2022.
Where have car insurance rates changed the most from 2018 to 2019?
The largest change in rates from 2018 to 2019 was seen in the Southwest region with a 10.2% decrease — like related to the large decrease seen in Texas. Looking at geography alone only paints a portion of the picture. Because car insurance is regulated at the state level and rated on a ZIP-by-ZIP basis, it's highly unique.
Are car insurance rates rising in 2022?
Car insurance rates are rising in 2022 – What to do when car insurance rates go up? Car insurance rates are going up in 2022 across much of the country. Read on the article to learn why car insurance costs are increasing, how to prepare for a rate increase and get tips on how to keep your insurance affordable.