Average auto insurance rates in the Northeast/Mid-Atlantic states increased roughly 25% from 2022/2023 according to state regulators. In general, the underwriting process works on the basis of overall loss/payout experience in each jurisdiction (rates are approved on a state by state basis) with certain formula driven adders/reductions for individual risk factors. Cars that are “garaged” or not driven to work (typically 15 miles each way) will have much lower rates than average just as adding a teen-age driver or multiple claims will ratchet up rates considerably. As noted above, drivers w/o any claims will still find premiums spiking. Changing insurance companies might save several hundred dollars but if you’ve had really good experience with your current company, it might be worth paying up for the quality of service and predictability.
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