[gallery size="full" ids="238930,238929,238928,238927,238926,238925,238924,238923,238922,238921"]

The number of drivers shopping for auto policies is at its highest rate in almost two years, according to a recent report from J.D. Power.

Much of this shopping is being driven by increased premiums, and a recent ValuePenguin analysis showed the national average annual premium for full coverage car insurance – which in this case includes liability, collision and comprehensive coverages – in the United States is $1,780. The average 2023 rate increase for customers across the U.S. was 8.4%, which is a major jump from the 1.3% increase the average customer saw in 2022.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

Personal Lines
Agent & Broker
Property & Casualty