Although policyholders were feeling the pressure from growing premiums, fewer than 40% of survey respondents said they shopped around for lower rates during the past year. Credit: MasterSergeant/Adobe Stock
Nearly three-quarters of Americans say personal auto insurance is becoming unaffordable for the average person or family, according to a survey from car app provider Jerry, which reported car insurance rates hit a four-decade high in October 2023. Insurance premiums were up 19% during the year, on average.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
