Car Insurance Is Getting More Expensive in These 5 States
By Craig Johnson
Like many Americans, you may not be driving as much as you did in the past because of the COVID-19 pandemic. But less time behind the wheel doesn’t necessarily translate into cheaper car insurance.
Overall, car insurance prices in the United States are down from last year according to a recent report from personal finance website ValuePenguin. The average price of a policy is $1,636 a year, 1.7% lower than last year. But not every state is paying less.
Report: National Car Insurance Rates Are Going Down … Except Here
The report projects that drivers in five states will see an increase in their car insurance rates in 2021.
For its analysis, ValuePenguin used 15 million quotes taken from publicly sourced insurer filings across the country.
Despite a drop in the national average when it comes to car insurance costs, a handful of states are projected to endure modest bumps in their rates.
“First off, the number of accidents is going up because of distracted driving. And, second, with so much technology being built into cars, the cost of repairs has skyrocketed. So, you have a lot of vehicles that would once get fixed being declared a total loss by insurance companies and they have to pay for that.”