Freeway Insurance Report Shows Declines in Average Auto Premiums for Customers in Several States
Freeway Insurance released data showing that average auto insurance premiums among its customers declined across several states between the first quarter of 2025 and the first quarter of 2026. The report, based on actual policy transactions rather than quoted rates or estimates, highlights significant year-over-year decreases in monthly premiums for drivers in Florida (-19%), Oregon (-15%), New York (-11%), Illinois (-11%), Arizona (-10%), Alabama (-10%), Wisconsin (-9%), Colorado (-8%), Georgia (-8%), and Texas (-8%). These states also saw the largest reductions in dollar terms, with average monthly premiums dropping by more than $30. Freeway notes that these findings reflect aggregated customer data and should not be interpreted as universal rate cuts for all drivers. Individual premium changes depend on factors such as driving history, age, location, vehicle type, coverage choices, insurer policies, discounts, and underwriting criteria. The report attributes the declines to improved insurance company profitability, increased competition among carriers, reduced claim frequency, stabilized repair costs, and broader shifts in market conditions.
