This article from the Wall Street Journal highlights the rising car insurance costs and how more drivers are actively seeking cheaper options. According to J.D. Power, 50% of U.S. auto-insurance customers have shopped for new policies in the past year, up from 41% in 2021. Strategies include increasing deductibles, opting for pay-per-mile plans, and choosing less expensive vehicles. For instance, Juan and Perla Gonzalez switched from an SUV to a sedan to halve their insurance costs. Pay-per-mile insurance, offered by companies like Allstate and Nationwide, is gaining popularity, especially among retirees and remote workers. Robert Hartwig, director of the Center for Risk and Uncertainty Management, advises, “Read the policy’s fine print to determine what information is shared with the insurer,” emphasizing transparency in data collection practices. Read more by clicking here for the article.