Will Switching Car Insurance Companies Give You a Better Deal?

Vehicles drive in traffic on the 405 freeway in Los Angeles, Calif., on Aug. 25, 2022. Photo by Patrick T. Fallon/AFP via Getty Images

Car insurance rates have changed considerably during the pandemic. It has made many drivers uncomfortable with their current car insurance company, causing them to switch insurers for a better price.

One company, CarInsurance, reported that from 2020 to 2023, so far, the average cost of car insurance premiums had increased by 14 percent. In the year 2019, there was only a 1 percent average increase. The states with the highest cost of car insurance premiums are Michigan, Florida, and Rhode Island.