Auto Insurance Rates Stable
October numbers make for six months of relatively flat average monthly cost.

Both full coverage and liability-only national average costs have moved little over the past six months.
Pexels/RDNE Stock Project
Auto consumers, many of whom have been shopping around for new insurance carriers to lower their costs, got a bit of a break in October – at least conditions didn’t worsen.
Research by insurance comparison shopping website Insurify shows the average U.S. monthly car insurance cost was essentially flat for the month.
Full coverage was a dollar cheaper at $194, and liability-only was unchanged at $104, for an overall average of $149, the Massachusetts-based company said.
In fact, both categories have moved little over the past six months. In May, full coverage sat at an average of $191, liability at $105.
Even states with increases in average monthly insurance costs saw only minimal changes, Insurify reported. Virginia experienced the biggest jump in full-coverage cost with a $3 increase to $188, and Kentucky’s actually fell by $6 to $190.
Insurify pointed out that location affects insurance rates due to weather patterns, traffic congestion, and crash and vehicle crime rates.
Originally posted on Auto Dealer Today
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →