Drivers Slash Car Insurance Coverage to Cope with Soaring Costs
Car insurance premiums are skyrocketing, forcing nearly 30% of drivers to cut or drop coverage entirely. With rates outpacing inflation and leaving many uninsured, the automotive industry faces a new set of challenges.Key TakeawaysNearly 30% of drivers have reduced their insurance coverage due to high costs.The number of claims has dropped by 8.5%, as higher deductibles and the cost of filing a claim become prohibitive for many.In New Hampshire, it's legal not to carry car insurance, but in every other state, driving uninsured is against the law.Insurance premiums are soaring at an alarming rate. In 2025 alone, they've increased far more than general inflation rates and have become a financial burden for many drivers across the country.The primary strategy to lower costs has been raising d...