The reasons why US auto insurance rates drop for the first time in 2021
Car insurance can be a difficult and time-consuming topic to understand. This report attempts to unmask some of these key issues and uncover ways Americans can save more money. According to the reports, auto insurance rates across America decreased by 1.7% for 2021; the average cost of auto insurance in the US for 2021 is $1,636. However, it also found that premiums are still 106% more expensive when compared to prices in 2011. ValuePenguin noted that 45 states saw their auto insurance premiums decrease by an average of 2.3%. The states that saw the biggest year-over-year decreases in rates were Arkansas (4.8%), Ohio (4.3%) and Michigan (4.3%) although Michigan continues to pay the highest average auto insurance rates in the country, as much as 353% higher than the national average. The report also found that a traffic violation would lead to an average premium increase of 117% in 2021. In terms of specific states, drivers in North Carolina will see the biggest increase in au