Drivers paid more for insurance in 2022, and 2023 is looking even worse
looked at more than 69 million auto policy rates and found that Americans paid an average of $1,777 for
in 2022. That’s a 9% increase from 2021 and a 21% increase since 2020. Some states, including Oregon, Maryland, and Virginia, saw average premiums climb by more than 25 percent.predicts that the average insurance premium will rise another 7% in 2023 to $1,895. The continued increase is due in part to rising costs in other related areas, such as vehicle
and medical expenses. People are also driving more as many businesses implement return-to-office plans. Perhaps the most worrying reason
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