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Insurance News and Insights
January 16, 2025
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Drivers Grapple With 9% Increase in Car Ownership Costs in 2023
Average car ownership costs reached $4,695 per year in 2023. Insurify broke down the biggest expenses and surveyed drivers to learn how they’re dealing with the 9% increase.
|November 9, 2023
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Investigation: Did TikTok’s Kia Challenge Cause a 55% Spike in Insurance Rates?
A viral TikTok challenge encouraged viewers to steal certain Kia and Hyundai models. Despite some insurers dropping coverage, rates are comparable to less frequently stolen vehicles.
|November 29, 2023
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Electric Vehicles: Costs, Trends, and Statistics (2025)
More than half of car buyers are considering an EV, but high prices and poor charging infrastructure pose significant barriers to adoption. Tesla continues to dominate EV sales, but competitors are encroaching.
|December 11, 2023
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