If you've opened your auto insurance renewal over the last few years and felt a little sticker shock, you're not alone.

Since 2021, drivers across Indiana and the country have experienced some of the largest auto insurance rate increases in decades. Many households saw premiums increase by 10%, 20%, or even more, despite having no accidents or tickets.

The good news? There are signs that the market is finally beginning to stabilize.

Inexperienced drivers have accidents. Of course they do; anyone learning a new set of skills is bound to make a mistake. In fact, new drivers between the ages of 16 and 22 are 96% more likely to have some type of auto accident. It may just be a fender bender or something much more serious. They’re going to have an accident; the severity is the question.