It is estimated that this year the premiums of car insurance will increase 7.5%. Various factors affect this percentage
Car insurance prices in USA They will suffer a brake. According to a recent report by The State of Auto Insurance 2025 of Value Penguin, the premiums of car insurance They will increase around 7.5% in 2025. It is a percentage much lower than last year, when insurance rose 16.5%.
The report estimates that the average price of car insurance It will be US $ 2001, so a new record will be reached. The insurers who will apply the highest price increases are American Family, All State and Liberty Mutual. On the other hand, the New Jersey, Washington and California states will suffer increases greater than 15%, the highest in the country. In addition, Nevada and Florida will have the Insurance More expensive in the United States, surpassing Michigan in the ranking of higher rates.
Why costs costs
Prices are Insurance in USAthey will increase moderately due to the stability in the costs of traffic accidents. The repairs of the cars as well as the need for spare parts influenced in recent years in the rise in prices in premiums, a situation that is now beginning to stabilize and therefore limit the increases.
Road accidents will also influence the price. In this way, drivers who have traffic offenses will suffer average increases of 53% in their premiums.
As for electric vehicles, costs will begin to decrease, although their insurance will remain higher than those of combustion cars. The models manufactured by traditional brands such as Ford and Volkswagen will be up to 25% cheaper in terms of insurance than other brands.
“Insurers increased rates by an average of 16.5%. But an analysis of the Office of Labor Statistics showed that the Americans paid 19% more for the sure of automobile on average compared to the previous year, ”said Divya Sangameshwar, expert in Insurance of Value Penguin.
As explained, it affects the price of the policy if the car is new, the behavior of the drivers, the traffic fines, etc.
Now, the sector is waiting to see if President Donald Trump advances with the application of tariffs to imported products, which would lead to an increase in the cost of spare parts and therefore in the price of arrangements and insurance.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
