Washington Auto Insurance Rate Increases Slowing in 2025

Washington state drivers are experiencing a slowdown in the rate of increase for auto insurance premiums, with a projected annual rise of 1.8% for 2025 after significant jumps in recent years. In 2022 and 2023, insurance rates increased by 17.5% and 24.7% respectively. The Washington State Office of the Insurance Commissioner (OIC) oversees these rate changes, ensuring they are adequate without being excessive or unfair, through a detailed actuarial review process. This regulatory oversight spans several months to validate the insurance providers' requests for rate increases, balancing claim costs and administrative expenses.

The average full coverage auto insurance premium in Washington for 2024 is approximately $1,452 annually, or $121 monthly, though premiums can be considerably higher for drivers with infractions like accidents or speeding tickets. Notably, teen drivers face the highest rates, with average costs reaching $4,294 per year for ages 16 to 19, compared to $2,755 for drivers in their twenties. The OIC recommends consumers shop around for insurance to potentially find lower rates and consider coverage adjustments, such as dropping full coverage for older, paid-off vehicles. Consulting with insurance agents or brokers is advised to identify discounts and more affordable options. These developments reflect ongoing regulatory engagement and market adjustments aimed at balancing insurer solvency with consumer affordability in the state’s auto insurance landscape.