More miles means more accidents After reduced travel in 2020 due to the COVID-19 pandemic, people are starting to hit the road again — leading to more accidents and more insurance claims. The Federal Highway Administration shows that vehicle miles traveled in the first half of 2021 increased by 173.1 billion miles or about 13% …
What is the state of auto insurance in 2022, part 2? Read More »
Back up, after going down last year The average car insurance rate rose 3% from 2020 to 2021. Rates actually fell in 2020 for the first time since 2013. Because of that drop, the increase in 2021 still leaves rates down 1% from 2019 rates Other than the dip last year and in 2013, rates …
#6 Toyota Camry $1,826/yr (7.3% of MSRP) *Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for all vehicle rates.
#5 Honda CR-V $1,500/yr (5.3% MSRP) *Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for all vehicle rates.
#4 Toyota RAV4 $1,590/yr (6% of MSRP) *Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for all vehicle rates.
Surprisingly the least expensive is a “sport” model *Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for all vehicle rates.
#3 Chevrolet Silverado $1,899/yr (4.7% of MSRP) Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for all vehicle rates.
#2 Ram Pickup $1,814/yr (5% of MSRP) Using 2021 models for the most popular vehicles in the U.S> by annual sales. See full report for details
#1 Ford F-Series $1,525/yr (5.2% of MSRP) Using 2021 models for the most popular vehicles in the U.S. by annual sales. See full report for details
In the past year, car insurance rates increased in 38 states (including the District of Columbia) and fell in 13 states. Louisiana saw the largest increase of 42%, which now puts the state at the top spot for most expensive insurance. Maryland had the largest decrease at around 9%. The Cost of Car Insurance in …
Where are car insurance rates rising or falling? Read More »
