Car insurance rates have changed considerably during the pandemic. It has made many drivers uncomfortable with their current car insurance company, causing them to switch insurers for a better price.
One company, CarInsurance, reported that from 2020 to 2023, so far, the average cost of car insurance premiums had increased by 14 percent. In the year 2019, there was only a 1 percent average increase. The states with the highest cost of car insurance premiums are Michigan, Florida, and Rhode Island.
One possible cause for the sudden increase in the cost of premiums is that car prices—new and used—have also increased. Before the pandemic, car prices had risen by only 2.6 percent, but during the pandemic to 2023, those prices increased by 27.1 percent….