Good news for car insurance rates in 2025

The video discusses the expected changes in insurance rates, with an average increase of 7.5% compared to over 16% in 2024. Rate changes vary by state and company, with New Jersey, Washington, and California seeing the highest increases, while North Carolina, Texas, and Iowa have the lowest. Companies like American Family, Allstate, and Liberty Mutual are raising rates significantly, while Progressive and GEICO have smaller increases. Factors like the cost of EVs, repairs, and technology in cars impact insurance costs. The video concludes with a hopeful outlook on decreasing rate hikes if current trends continue.

What new insight or understanding did you gain from this video?