Dangerous Roads and Rising Car Costs Are Driving Auto Insurance Prices Higher
By:
Pete Grieve
Pete Grieve
Reporter | Joined May 2024
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Brad Tuttle
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Money; Getty Images
Auto insurance premiums just keep rising as insurers face high costs due to more expensive car repairs and medical inflation — and more dangerous driving.
In mid-2020, crash fatalities started to rise as Americans returned to the roads after months of pandemic lockdowns. It was the beginning of a seven-quarter streak of year-to-year increases in road fatalities, according to data from the National Highway Traffic Safety Administration (NHTSA).
While fatalities have declined slightly in the last two quarters for which data is available, significantly more people are still dying in crashes than before the pandemic. In the first nine months of 2022, the NHTSA reports 31,785 fatalities, compared to 27,019 during the same period of 2019.
