"However, reduced mileage is only a small part of how insurance costs are calculated, which heavily weighs more static factors like where you live, your accident history and your age," said Nicole Beck of The Zebra.
(Credit: PHOTOBUAY/Shutterstock.com)
On average, auto insurance rates have tumbled around 4% since 2020, according to The Zebra, which noted the drop due in part to fewer miles driven and reductions in claims filed. Rates are expected to go back up as the U.S. works back to pre-pandemic driving behaviors.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
