Robins Global News & Noticias

  • Gaming Chair Review
    Gaming Chair Review
  • Writing Service Review
    Writing Service Review
  • Youtube Marketing Guide
    Youtube Marketing Guide
  • Slot Game Review
    Slot Game Review
  • Download TV Series
    Download TV Series
  • All Elite Wrestling
    All Elite Wrestling

RobinsPost News Network

+ Larger Font | + Smaller Font

Consumer Daily Reports

Consumer News: Most consumers are paying more for car insurance

PhotoIf your car insurance rates are going up, you aren't alone. The Zebra, an insurance rate search engine, reports that 83 percent of drivers paid more for insurance over the last 12 months. The company says insurance rates are the highest they've ever been, rising 23 percent since 2011.

The researchers say the average motorist in the U.S. is paying $1,470 a year for car insurance. They arrived at that number by analyzing more than 61 million auto insurance rates in every zip code. That method breaks down the criteria insurance companies use to set rates — and how that pricing is unique to every individual.

"Some people are paying $500 a year while others are paying $5,000. Why? It could be weather in your state, your driving habits, or even your gender, marital status, or credit score," said Alyssa Connolly, director of Market Insights at The Zebra. "Car insurance is a major expense for most Americans, and drivers want to know how much their rates are changing  — especially as new technology comes into play."

Every state is different

Car insurance rates vary widely from state to state since every jurisdiction has its own set of policies. The least expensive states in which to insure a car are Michigan, Louisiana, and Rhode Island. The most expensive cities for car insurance are Detroit, New Orleans, and Hialeah, Fla.

In Colorado, auto insurance rates have surged 80 percent since 2011. But during that same time, they have fallen 20 percent in Oklahoma. The Zebra analysis also found that, even within a state, rates can vary as much as 265 percent depending upon the zip code.

One reason rates can vary so much by state is that some states have different rules for insurance providers. For example, some states have barred insurance companies from using non-driving factors such as credit scores to set car insurance rates.

Insurance companies say they use zip codes to measure a customer’s risk by looking at the number of vehicle crimes -- things like theft and vandalism -- within specific areas. Some providers also consider credit scores -- where allowed by law to do so -- because they believe the score is an accurate reflection of risk.

Type of coverage affects cost

The rate consumers pay also depends on the extent of coverage they select. Policies with a high deductible -- meaning the consumer pays for most minor damage and doesn’t file a claim -- cost less with low deductible policies with features like accident forgiveness.

Rates also tend to be higher for motorists with speeding tickets and other moving violations. The Zebra report found that a crackdown on distracted driving such as texting behind the wheel has resulted in an average rate increase of 20 percent.

Insurance companies are also making wider use of apps and plug-in devices to monitor how a driver operates their vehicle. This monitoring has resulted in some drivers seeing their rates go down while others are paying more.

Sometimes changing insurance providers will result in a lower rate. Read what consumers have to say about car insurance companies in these ConsumerAffairs reviews.

Posted: 2019-02-11 15:23:58

Get Full News Story On Consumer Affairs

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

Print Friendly and PDF Share Embed

Related News Stories From The Web And More

Related Bing News

Consumer News: Most consumers are paying more for car insurance | Consumer Daily Reports | RobinsPost News Network - Newscast

Don’t Confuse Health Care Sharing Ministries With Insurance, Georgia Official Warns

Fri, 23 Aug 2019 06:19:00 GMT

A spokesman for King, Brandon Wright, said Thursday that the complaints from Georgia consumers about these programs have increased this year. HCSMs do not contain common consumer protections required ...

N26 now fully available nationwide to US consumers

Thu, 22 Aug 2019 04:08:00 GMT

"We are excited to now open up N26 to the millions of US consumers who are frustrated ... off the cost of select monthly subscriptions when paying with their N26 card. Current subscriptions ...

California’s $27.6M Fine Against Mercury Insurance Remains After Court Action

Fri, 16 Aug 2019 09:10:00 GMT

California regulators say a ruling by the state’s highest court means a $27.6 million fine imposed against Mercury Insurance ... a victory for consumers that sends a message to insurers that they ...

N.J. insurance bill sounds good but it will harm consumers, commissioners from 2 Southern states warn

Wed, 07 Aug 2019 10:28:00 GMT

As former insurance ... may sound like a consumer protection, but trust us, the unintended consequences and premium increases that result from this type of “bad faith” legislation will do more harm ...

Here's how insurance fraud hurts all consumers

Tue, 11 Jun 2019 17:00:00 GMT

FARGO, N.D. (Valley News Live ... and be fined $20,000—in addition to paying back the nearly $23,000 in fraudulent claims. Meanwhile, a Bismarck man also allegedly racked up more than $5,000 in false ...

Related News Story Videos From Youtube

Wells Fargo Opens Auto Insurance In Consumers Name

Related Videos On: Wells Fargo Opens Auto Insurance In Consumers Name

60 Minutes: How Health Insurance Companies Wrongfully Deny Consumers' Claims

Related Videos On: 60 Minutes: How Health Insurance Companies Wrongfully Deny Consumers' Claims

What car insurance companies don't tell you about rates

Related Videos On: What car insurance companies don't tell you about rates

Insurance & Consumer Protection A Video Series To Empower Consumers

Related Videos On: Insurance & Consumer Protection A Video Series To Empower Consumers

Consumer Federation Finds Women Pay More For Auto Insurance Than Men

Related Videos On: Consumer Federation Finds Women Pay More For Auto Insurance Than Men

Blow Us A Whistle

Comments (Whistles) Designed By Disqus

Company Information

Official Content Providers


We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2019 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, Faroo News, and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.