Auto insurance costs are rising, just like many other things.

In 2022, it is anticipated that the national average car insurance cost will rise by 5% to $1707 per year, from $1663 in 2021. according to Insurify.

Tanveen Volhra (Insurify Insurance Specialist) stated, “Our 2022 prediction is in line with projected inflation rates. This also factors in the continuing elevation in reckless driving behavior which has become more frequent since the 2020 Covid lockdowns.”

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All aspects of American life are being affected by inflation, including everything. groceriesTo cars and gasJumping in costs. Inflation is rising at 6.8% annually, which is well above the Federal Reserve’s target of 2%.

According to Insurify research, Americans drove 32% less in March, April, and May 2021 than they did in 2020. This was because there were fewer vehicles on the roads during the pandemic.

According to the report, however, the death rate in spring 2021 was 26% lower than that in 2019 pre-pandemic. This “indicates that reckless driving practices adopted at the time of initial pandemic sheltering-in-place orders were well-received long after the pandemic onset.”

You will have to pay a lot of things, such as your car make and model, coverage you choose, your driving record, and sometimes even your credit rating.

The location is important. Insurify reports that Michigan is the most expensive state to insure a car. It costs an average of $2858 annually. Rhode Island comes next at $2,321 per year.

Hawaii is the least costly state, at $824 per year. North Carolina ($924), Maine (both on average $945), and Vermont (both on average $945) follow closely.

You’ll also pay more if your home is in an urban location ($1,666 per year) than if it were in a rural area ($1,472 per year). Research shows that a single traffic offense could increase your premiums by 35%.

You can reduce the amount you pay by dropping certain parts of your coverage and increasing your deductibles.

For instance, bundling — i.e., getting both auto and homeowners insurance from the same provider — can save you an average of 8% yearly, according to Insurify. You could also save 2.2% if your military service member. If you’re an American citizen over the age of 65, your chances of saving as much as 15% on driving safety courses could be as high as 15.2%.

Vohra explained that shopping around for quotes from several insurers is the best way of finding a low rate.

Insurify has analyzed over 40 million premiums for auto insurance to create its research.