CAMBRIDGE, Mass .– (BUSINESS WIRE) – November 18, 2021–
Insurify, the leading auto insurance comparison platform in the United States, released its second annual Insuring the American Driver report, revealing a 12% increase in auto insurance costs in 2021 compared to 2020. The average American driver now pays $ 1,633 a year for coverage, a price report projects will increase by 5% to just over $ 1,700 in 2022.
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Auto insurance costs increased 12% between 2020 and 2021 and are expected to increase even more in 2022. (Graphic: Business Wire)
Insurify’s research team analyzed over 40 million auto insurance quotes across the United States to detail recent trends in auto insurance and driving behavior and to examine how COVID-19 continues. to affect each of these areas.
As part of its analysis, the report explores current rates of reckless and aggressive driving behavior, a troubling trend that has increased during the COVID-19 pandemic, showing that such patterns continue to persist after restrictions and restrictions are lifted. blockages. For example, the number of driving-related fatalities per kilometer traveled increased by 26% between March and May 2021 compared to the same period in 2019, a level only 3% lower than the peaks of 2020. While the levels of While traffic is gradually returning to pre-pandemic levels, the increased death rates that marked the pandemic remain high.
âWith inflation above 5%, rates returning to pre-pandemic levels and an increase in collisions, there are many factors that are driving car insurance prices up,â says Kacie Saxer-Taulbee, head of car insurance. research and content at Insurify. “Even setting economics aside, drivers express a marked difference in their experience on the roads in 2021, with 38% reporting driving more frequently and 44% seeing more aggressive driving.”
It is not excluded that these high levels of reckless driving and death rates are contributing to skyrocketing auto insurance rates. On average, aggressive drivers pay 25% more for auto insurance compared to an insured with a clean criminal record.
Insurify Insuring the American Driver’s 2021 report also shows insight into the behavior of self-reported drivers from a survey of over 1,000 drivers:
– 44% of drivers saw more aggressive driving on the roads in 2021
– 38% of drivers say they drive more in 2021 than in 2020
– 41% report an increase in their car insurance premiums year over year
See Insurify’s Insuring the American Driver Report for more information on what drives price trends in 2021 as well as an overview of auto insurance costs in 2022!
Based in Cambridge, MA, Insurify is a leading virtual insurance agent that allows clients to compare, buy and manage their auto, home and life insurance policies in one place. With over $ 170 billion in written insurance coverage and over four million satisfied customers, Insurify has increased its revenue growth by 50 times since 2016 and won several industry awards including : Stevies’ Gold International Business Award for Midsize Insurance Company 2021, Inc.’s 5,000 fastest growing private companies in the United States in 2021, New Business Owner of the Year 2021 -England from EY and Future 50 2021 from Insurtech Insights. Compare auto insurance with Insurify today!
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KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: AUTOMOTIVE PROFESSIONAL SERVICES AUTOMOTIVE GENERAL TECHNOLOGY INSURANCE SOFTWARE
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PUB: 11/18/2021 7:00 a.m. / DISC: 11/18/2021 7:01 a.m.