Just under a third of auto insurance customers experienced a rate increase from the year prior, according to a 2023 report from J.D. Power. Insurers have been up against record-high loss ratios in recent years, losing a reported average of 12 cents on every dollar of premium collected in 2022, which led industry rates to rise an average of 15.5%. Drivers across the U.S. have been working to alleviate the impacts of growing auto insurance premiums, which has led to record numbers of people adopting usage-based insurance (UBI) programs. J.D. Power reports participation in these programs has more than doubled since 2016, with about 17% of insureds taking advantage of them. With premiums on the rise, it can be tempting for drivers who are shopping for a new vehicle to focus on finding the cheapest option, but that is not always the best choice when it comes to the value provided by the vehicle. To determine which 2024 model vehicles offer the most value for the cost, U.S. News & World Report recently compared information including how well each vehicle drives, interior comfort, connectivity and technology features, fuel economy, cargo space, safety and reliability. In the slideshow above, we'll look at the 2024 vehicles they determined offer the most value to drivers across 11 categories.

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