Independent insurance comparison site The Zebra has released its sixth annual State of Insurance report, which examines over 83 million auto insurance rates across the U.S. This report looks at rate data down to the ZIP code, and can be used to identify trends and see how current events affect rates.
The report found the national average annual car insurance premium is now $1,529, which is up 3% from the previous year when rates decreased during COVID-19 pandemic lockdowns. According to the Federal Highway Administration, the number of miles traveled by U.S. drivers during the first year of the pandemic dipped 14%. This lead to a decrease in auto insurance premiums of about 4% in 2020.
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