Here’s a headline that, if you’ve been making car insurance payments over the last few years, might seem pretty hard to believe. It turns out that average auto insurance premiums actually declined in March, month-over-month. Yes, for many people, premiums have gotten cheaper, even as car prices have remained high. Inflation has seemingly been defeated, at least in this particular industry. The declines were particularly steep in Florida, where insurers like Geico, Progressive and State Farm are cutting rates by as much as 10%. But there’s no question that this is a nationwide phenomenon. Insurance rates are down by roughly 1% across the board — which might not sound like a lot, but it’s a big difference from the typical double-digit increases that we’ve been seeing lately. When you go from 15-point average increases to a 1% decrease, you’re saving a lot of money, relatively speaking.
So why is this happening, exactly? Ask ten different people and you’ll probably get ten different answers. And all of them might be right, at least partially. But here’s one theory. It could be that insurance rates are going down because our roads are getting safer. And maybe our roads are getting safer because two grand Left-wing experiments — the BLM “de-policing” movement and the open borders agenda — have both finally come to an end.
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