New Study Reveals Over 20% Rise in US Car Insurance Costs


New Study Reveals Over 20% Rise in US Car Insurance Costs

A new CheapInsurance.com study reveals a 20%+ surge in US car insurance costs since 2020, impacting consumers across income levels; discover key factors driving the increase and learn how to save money with proactive comparison shopping and policy adjustments.

LOS ANGELES, May 21, 2025 /PRNewswire/ -- Amidst a changing economy, CheapInsurance.com, a trusted insurance rate comparison platform, has published a report analyzing the nationwide surge in car insurance costs. This report details regional price fluctuations, consumer opinions, and the primary factors influencing current rates. The company urges consumers to regularly review their insurance policies in light of these economic shifts.

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