Featured Public Square Post

One of our PFAD “Public Square” Community Members shared a great VIDEO idea on how to lower the cost of Auto Insurance.

Did you know that the average auto insurance cost in the US in 2025 is nearly $3000 annually?

Also here are some of the individual rating factors which get factored into the cost of insurance.

Individual Rating Factors:

While broader economic and societal factors play a huge role, individual characteristics also influence rates:

• Driving Record: Accidents, speeding tickets, and other violations significantly increase premiums.
• Location: Urban areas with higher traffic density, crime rates, and susceptibility to natural disasters generally have higher premiums.
• Vehicle Type: Expensive, high-performance, or frequently stolen vehicles cost more to insure.
• Age and Gender: Younger, less experienced drivers typically face higher rates. (Note: some states prohibit the use of gender in pricing).
• Credit History: In many states, a lower credit-based insurance score can lead to higher premiums.
• Coverage Levels and Deductibles: Choosing higher coverage limits and lower deductibles will result in higher premiums.