US EditionAs Recession Fears Loom, the Majority of Americans Consider Reducing Car Insurance Coverage
- In May 2025, an online Insurify survey of 1,001 U.S. Car owners aged 22 to 70 found many Americans consider reducing car insurance coverage.
- Rising insurance costs, inflation, tariffs, and economic pessimism have driven financial concerns that lead drivers to explore cost-cutting measures.
- Many drivers consider comparing policies, increasing deductibles, or seeking discounts to reduce premiums, though such actions may increase financial risks in accidents.
- The survey showed 53% of insured Americans have considered reducing coverage, 18% have already cut it, and 23% have thought about dropping insurance due to finances.
- Amid fears of a recession and worsening living costs, 82% have taken steps to prepare financially, implying further pressure on insurance decisions and spending habits.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
All
Left
2
Center
3
Right
4
Coverage Details
Total News Sources16
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 22%
C 33%
R 44%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
