Mid-America Catastrophe Services

Auto Insurance Affordability Stresses 40% of US Drivers

 Friday, May 26, 2023

 Live Insurance News

The combination of the high annual inflation rate means that the cost of living is a growing challenge for Americans, and auto insurance has become a stressful concern.

The survey was conducted by PolicyGenius. It showed that 43 percent of drivers were paying more in 2023 for their auto insurance coverage than they did in 2022. Similarly, 40 percent of insured drivers said that they were feeling stressed about being able to afford their premiums. This is particularly problematic as most states across the country require the coverage to be in place to legally drive.

There is a particular concern among Millennials and Gen Z. Over half (55 percent) of drivers between the ages of 18 and 34 years old said that they were feeling stress over their ability to afford their premiums. Another 24 percent said that they were ‘very stressed.’

The Auto Exclusion in the CGL Policy

 Wednesday, October 5, 2022


IRC Releases State Auto Insurance Affordability Rankings

 Monday, August 29, 2022

 Triple-I Blog

Consumers Want Safeguards With Partial Automation

 Thursday, June 23, 2022


Risky Business: Vehicle Brands Most Correlated With Speeding Tickets

 Thursday, June 9, 2022

 Live Insurance News

Usage-Based Auto Insurance Now Available To Pennsylvania Drivers

 Tuesday, November 17, 2015

 Live Insurance News

Cellphone laws

 Thursday, May 27, 2010

 Insurance Institute For Highway Safety