DC car insurance premiums soar amid auto theft, carjacking surge
foxbusiness.comWashington D.C. restaurant owner Fritz Brogan reveals the impact that the U.S. crime crisis has had on the community and local businesses during an appearance on ‘Varney & Co.’
Car owners in the Washington, D.C., area are seeing auto insurance premiums soar as the city grapples with a surge in carjacking and auto theft.
Residents of the District of Columbia paid the sixth-highest amount on car insurance when compared to the 50 states in 2023 with an average annual full-coverage rate of $2,756 last year – which amounts to nearly $230 a month, according to a report by Insurify. The report found that Washington, D.C., residents’ car insurance premiums were 37% higher than the national average, which was $2,019 for a full-coverage policy, as national auto insurance rates increased by 24% last year.
Police data show carjackings in the nation's capital spiked by 97.9% in 2023 with 958 reported carjackings last year compared to 484 in 2022, with motor vehicle theft up 82% from 3,756 in 2022 to 6,829 in 2023. Vehicle theft in the greater Washington-Maryland-Virginia area also rose by 68% last year, according to the National Insurance Crime Bureau.
The carjacking surge in Washington, D.C., made headlines last week when Mike Gill, who worked at the Commodity Futures Trading Commission during the Trump administration and was most recently working for the Housing Policy Council, was shot during a carjacking and later died of his wounds.
FORMER TRUMP OFFICIAL MIKE GILL DIES AFTER BEING SHOT DURING WASHINGTON DC CARJACKING INCIDENT
Car owners in Washington, D.C., have seen auto insurance premiums soar as the city's crime crisis intensifies. (Photo by Bill OLeary/The Washington Post via Getty Images / Getty Images)
Police believe
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