Auto
insurance in 2022: What the industry should expect
Change
was a key theme for auto insurance during 2021. After auto usage and road
volume declined to unprecedented lows in 2020 due to the pandemic, motorists
have significantly increased how often they drive and even changed their
driving behavior as public health measures have loosened. These changes have
had a major effect on auto insurance carriers, and unfortunately, following an
extremely volatile two years, there’s little indication that 2022 will bring
much in the way of stability.
If
you do much driving, you’ve probably thought that other drivers were not being
quite as careful as they were before the pandemic. The data supports this
impression.
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