Study Reveals Low Consumer Confidence and High Costs in U.S. Auto Insurance Market

A recent study by Finance Buzz highlights significant challenges in consumer understanding and affordability of auto insurance. According to the 2025 Auto Insurance Statistics and Consumer Report, only 39% of Americans feel somewhat to a little confident in their grasp of their auto insurance policies. T

his uncertainty comes at a time when auto insurance premiums have surged by 45% since 2019, with rates varying drastically across states. The economic pressure is evident as roughly 10% of U.S. drivers have skipped payments and over a quarter have avoided filing claims to prevent further rate increases. The report underscores a critical need for clearer consumer education and potential regulatory review to address the disparities and pain points in auto insurance affordability.