When risks change, rates change
Insurance is all about risk. Car insurance pricing takes into account individual risks associated with drivers and their vehicles, but broader environmental, government and economic factors also play a role.
POPULATION AND CRIME
- The U.S. population is up more than 8% since 2010, and top metro areas
are growing even faster. More populated cities and those with more traffic
congestion, crime and uninsured drivers often have higher insurance rates. - The U.S. population is up more than 8% since 2010, and top metro areas
are growing even faster. - More than 814,000 vehicles were stolen in the U.S in 2020, which
was an 11% increase from the previous year.