With the pandemic ongoing, what will car insurance rates look like in 2022?

Dec 22, 2021, 5:50 PM | Updated: Jan 3, 2022, 2:08 pm

SALT LAKE CITY — The pandemic has made the past couple of years fairly odd for the auto insurance world. In 2020, there were so few drivers on the roads that insurance companies actually started sending refunds back to their customers, because they were paying so few claims with so many people staying home. Then in 2021, people hit the roads again but seemingly were out of practice causing a spike in accidents, tickets and yes, insurance premiums.

So, as we prepare to ring in 2022, what will the new year mean for our auto insurance budgets?

“Each insurer calculates risk differently,” said insurance expert Maia Sutton with insurance comparison website Insurify. “We actually, based on our data, expect them to continue slightly increasing and then plateauing in 2022.”

Sure, supply chain issues and inflation are contributors but what kind of car you drive remains one of the biggest factors in determining your premium: specifically, the car’s safety rating and how expensive it is to replace in the event of a wreck.

“Insurance premiums for older car models are typically cheaper because the parts are easier to come by and easier to replace in the event of insurance claim,” Sutton explained.

And with shortages of both new and used cars available to replace totaled vehicles, that could also impact premiums in 2022.

Bottom line, said Sutton: “The general trend is things (auto insurance costs) moving into the more expensive.”

As we reported last month, more than 785,000 Utahns do not have comprehensive car insurance. That coverage kicks in for non-crash damage to your car, such as a snow-laden tree branch falling on it.

KSL 5 TV Live

Top Stories

Local News

Tamara Vaifanua

Mother of 5-year-old boy hit by truck says she has no bad feelings for driver

The mother of a 5-year-old boy hit by a truck spoke with KSL TV about the crash. 
14 hours ago
FILE: Bountiful Police (Photo: Kristin Murphy, Deseret News)...
Eliza Pace

13-year-old hit by car in crosswalk

A 13-year-old boy was hit by a car as he entered a crosswalk near 500 E. 2600 South in Bountiful around 3 p.m. Wednesday.
14 hours ago
FILE: Kathy Dalton takes time to teach her kids about nature while they explore the outdoors. (Sour...
Ashley Moser

Nature can help your little ones learn how to count

Preschool directors for the Stokes Nature Center say one of the best and easiest ways to teach your little ones how to count is by going on a walk.
14 hours ago
Ladd Egan

‘The Dignity Index’ launches pilot program in Utah to score messaging from candidates

A new project in Utah is trying to encourage political candidates to use more dignity and get rid of contempt by scoring the words and messaging they use.
14 hours ago
(KSL TV)...
Andrew Adams

Trial run of license plate-reading cameras in Tooele met with mixed reactions

Sophisticated license plate-reading cameras made their debut in Tooele, but they're already drawing concerns, and police are clarifying exactly how they work.
14 hours ago
(KSL TV)...
Matt Gephardt and Cindy St. Clair, KSL TV

Get Gephardt: Accidental bill pay leaves woman fighting two years for a $1,387 refund

A Brigham City woman says she can't get a refund for money she accidentally sent to CenturyLink, so she decided it was time to Get Gephardt.
14 hours ago

Sponsored Articles

Hand turning a thermostat knob to increase savings by decreasing energy consumption. Composite imag...
Lighting Design

5 Lighting Tips to Save Energy and Money in Your Home

Advances in lighting technology make it easier to use smart features to cut costs. Read for tips to save energy by using different lighting strategies in your home.
Portrait of smiling practitioner with multi-ethnic senior people...
Summit Vista

How retirement communities help with healthy aging

There are many benefits that retirement communities contribute to healthy aging. Learn more about how it can enhance your life, or the life of your loved ones.
Happy diverse college or university students are having fun on their graduation day...
BYU MBA at the Marriott School of Business

How to choose what MBA program is right for you: Ask these questions before you apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.
Cloud storage technology with 3d rendering drawer with files in cloud...
PC Laptops

How backing up your computer can help you relieve stress

Don't wait for something bad to happen before backing up your computer. Learn how to protect your data before disaster strikes.
young woman with stickers on laptop computer...
Les Olson

7 ways print marketing materials can boost your business

Custom print marketing materials are a great way to leave an impression on clients or customers. Read for a few ideas to spread the word about your product or company.
young woman throwing clothes to organize a walk in closet...
Lighting Design

How to organize your walk-in closet | 7 easy tips to streamline your storage today

Read our tips to learn how to organize your walk-in closet for more storage space. These seven easy tips can help you get the most out of your space.
With the pandemic ongoing, what will car insurance rates look like in 2022?