Story perspectives

Drivers Struggle: Car Insurance Costs Soar 55% Since 2020

10/31/2025

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Summary

Story summary

A LendingTree survey finds that more than 58% of drivers view car insurance as a financial burden and cut expenses to afford premiums.
The average car insurance premium has risen 55% since February 2020 due to higher vehicle and repair costs.
Experts advise drivers to compare insurance rates before purchasing new vehicles to avoid sticker shock.
Many drivers are underinsured, paying more for less coverage.
Brandy Levene illustrates the impact, as her son's insurance would cost $350 a month.

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Story summary

A LendingTree survey finds that more than 58% of drivers view car insurance as a financial burden and cut expenses to afford premiums.
The average car insurance premium has risen 55% since February 2020 due to higher vehicle and repair costs.
Experts advise drivers to compare insurance rates before purchasing new vehicles to avoid sticker shock.
Many drivers are underinsured, paying more for less coverage.
Brandy Levene illustrates the impact, as her son's insurance would cost $350 a month.