The Zebra Car Insurance Report – An Overview

The Zebra, an online car insurance comparison site, recently released its 2020 State of Auto Insurance Report. The report provides an in-depth analysis of the auto insurance industry, based on data collected from over 3 million insurance quotes and over 25 million searches on The Zebra’s platform. The report delves into the current state of the auto insurance industry, and provides insights into how consumers are shopping for car insurance.

Key Takeaways from the Report

The report revealed that the average cost of car insurance in the United States is $1,548, which is up 5.8% from 2019. This increase is largely due to the fact that the overall cost of car repairs, medical costs, and liability costs have all increased in 2020. The report also revealed that the average cost of car insurance varies significantly by state. The most expensive states for car insurance are Louisiana and Michigan, while Hawaii and Iowa are the least expensive. The report also found that some of the most common discounts offered by insurers are multi-car, multi-policy, and good driver discounts.

What Consumers Should Know

The report provides valuable insights into how consumers should shop for car insurance. The report found that the average consumer spends over 6 hours shopping for car insurance. However, the report also found that many consumers are not taking advantage of discounts, and are overpaying for their coverage. The report recommends that consumers use online comparison tools, such as The Zebra’s, to compare quotes from multiple insurers and find the best coverage for their needs. The report also recommends that consumers ask their insurer about any available discounts, and shop around for coverage every few years.

The Impact of COVID-19

The report also reveals the impact that the COVID-19 pandemic has had on the auto insurance industry. The report found that the number of searches on The Zebra’s platform decreased in April 2020, as many people stopped driving during the pandemic. However, the report also found that the number of searches on the platform increased in May, as more people began driving again. The report also found that the number of insurance quotes submitted on the platform increased in May, as more people began shopping for car insurance. The report also found that the average cost of car insurance decreased in May, likely due to the fact that many insurers are offering discounts to help people save money during the pandemic.

Conclusion

The Zebra’s 2020 State of Auto Insurance Report provides an in-depth analysis of the auto insurance industry and provides valuable insights into how consumers should shop for car insurance. The report reveals that the average cost of car insurance has increased in 2020, but that there are still ways for consumers to save money on their car insurance. The report also reveals the impact that the COVID-19 pandemic has had on the auto insurance industry, and provides insights into how insurers are responding to the pandemic.