Car Insurance is Too Cheap

It has never been more expensive to insure a car in the United States. Today, the average annual premium for full coverage is more than $2,500, up from more than $1,700 just a few years ago. There are a lot of reasons for this—including the high price of cars, supply chain issues, and the rising frequency and severity of crashes—but no matter how you add it up it's a huge problem in a country where driving is a ticket to full participation in society.  Despite this, what if we told you that car insurance is still way too cheap? That's something most people don't understand until they or someone they love is directly affected by traffic violence. Today, mandatory state minimum coverage requirements have not kept up with the rising cost of car crashes, something all of us subsidize whether we drive or not—and that crash victims often pay for with life and limb. ***Support The War on Cars on Patreon and receive access to ad-free versions of all our episodes, exclusive bonus content and stickers.*** LINKS: Learn more about Michelle DuBarry and her advocacy for a Made Whole Doctrine in Oregon. Why Car Insurance in America is Actually Too Cheap, by Daniel Knowles in The Economist. Buy a copy of Carmageddon: How Cars Make Life Worse and What To Do About It by Daniel Knowles and get books by previous podcast guests at our official Bookshop.org page. Steve Vaccaro: "New York City's best-known lawyer advocate for bicyclist and pedestrian rights." Auto Insurance Spike Hampers the Inflation Fight (New York Times) NHTSA: Traffic Crashes Cost American $340 Billion in 2019 Buy t-shirts, stickers, hats and more in The War on Cars merch store.  Find us on Bluesky, Mastodon, Instagram, Facebook and Threads. Leave us a review on Apple Podcasts. It helps people find us! This episode was recorded by Josh Wilcox at the Brooklyn Podcasting Studio. It was written, produced and edited by Doug Gordon. Our theme music is by Nathaniel Goodyear.   TheWarOnCars.org