Trends in Auto Insurance in California for 2023

Trends in Auto Insurance in California for 2023IntroductionCalifornia, with its diverse population and extensive network of roadways, presents a unique landscape for auto insurance. Understanding the current trends in auto insurance within the state is essential for policymakers, consumers, and industry stakeholders. This paper provides an overview of the key data points and factors affecting auto insurance in California in 2023.Average CostsIn 2023,...

Read More

Auto Insurance in Michigan has Significantly

 Auto Insurance in Michigan has SignificantlyThe affordability of personal auto insurance in Michigan has significantly improved following the 2019 insurance reform, according to a report by the Insurance Research Council (IRC).The study titled "Personal Auto Insurance Affordability in Michigan" found that auto insurance expenses accounted for 1.9% of the median household income in Michigan in 2022, down half a percent from its peak before the...

Read More