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“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) “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.

The rate decrease does not factor in insurer discounts offered during the onset of the pandemic and is purely a reflection of American driving habits displayed in the past year, the InsurTech noted.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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