U.S. Car Insurance Rates on the Rise
» Posted February 19, 2020 Resources | Share This Post
Car insurance is one of those necessary evils that is important to have when you need it, but not a whole lot of fun to pay for every month. A new study shows that car owners in the U.S. are paying more for their coverage. One reason why rates are on the rise may surprise you.
Car owners stateside are paying more than $1,500 per year for auto insurance, according to data compiled by insurance shopping site The Zebra. That figure is up by nearly 30 percent over the last eight years.
The rise in insurance costs comes as accidents are on the downswing across the country, the Wired points out. That is because some of the newer bells and whistles that make driving safer are pricey to repair or replace.
“New anti-theft and safety technologies are making cars safer, but they’re also more expensive to repair after an accident,” The Zebra researchers said in the report. “Insurers are waiting for the day when these features save more than they cost. For now, drivers see few discounts.”
A wide range of factors can influence the cost of an insurance policy, from where you live to what you drive. But there are also a number of dynamics that seem to influence rates, according to the Zebra, including gender, age, marital status, credit score and home ownership status.
Californians pay nearly $1,900 a year for car insurance in the Golden State, a price tag that has jumped by 57 percent since 2011. That makes it the seventh most expensive state for car insurance, behind Michigan, Louisiana, Florida, Kentucky, Rhode Island and Nevada.
The Zebra report is based on a review of some 73,000 insurance policies nationwide.
How the California Lemon Law Protects Vehicle Owners
Auto insurance is vital because of the serious threat of an accident that comes with life on the road. There are a number of factors that contribute to the risk of a crash, including the fact that carmakers often produce vehicles with serious defects that put everyone at risk.
Fortunately, the California lemon law protects car owners by requiring manufacturers to perform certain repairs while vehicles are under warranty. The law also requires the manufacturer to buy back or replace the vehicle if the manufacturer is not able to fix it.
If you are a car owner or lessor who is grappling with your vehicle’s manufacturer over repairs, an experienced California lemon law attorney can help. At the Bickel Law Firm, we have represented hundreds of clients in defective vehicle cases in Southern California and across the state.
Our offices are conveniently located in Los Angeles, San Diego and San Francisco. Call us at (888) 800-1983 or contact us online to speak with a California lemon law attorney today.