SURVEY: Americans Overly Optimstic About Insurance

When it comes to auto insurance coverage, American drivers are feeling optimistic. We used Google Surveys to question more than 2,000 drivers across the nation about their confidence in accident coverage and satisfaction with policy prices. 

Key survey takeaways 

  • 56% of drivers believe that their insurance will provide full coverage in an at-fault accident 
  • More female drivers (54%) believe their insurance will provide full coverage in an at-fault accident than male drivers (46%)
  • 50% of drivers believe that their insurance premiums are fairly priced
  • More female drivers (55%) believe their insurance premiums are fairly priced than male drivers (45%)
  • 50% of drivers support laws requiring liability insurance

Drivers overly optimistic about accident coverage

If a driver gets into an accident that is their fault, the majority believe that their auto insurance provides full coverage for any damages that occur. 

Over half of drivers (56%) believe that if they are in a car accident that is their fault, their auto insurance will provide full coverage. 

Of course the amount of coverage depends on your policy, but if you do not carry adequate auto insurance for the level of damages incurred in the accident, experts agree you could be personally liable for the costs. 

Gender gap in auto insurance optimism 

Of those drivers, women are more optimistic than their male counterparts about how much coverage their auto insurance provides in accidents that they cause. 54% of female drivers believe that their auto insurance will provide full coverage, compared to 46% of male drivers with the same belief. 

Optimism increases with age

For drivers surveyed, older drivers are more likely to believe that they will have full coverage in an at-fault accident, compared to younger drivers. 

70% of Americans ages 55-64 think their auto insurance will provide full coverage if they are at fault in an accident, compared to only 45% of Americans ages 18-34. 

Full coverage largely depends on the type of auto insurance policy you select. If you only have minimum liability car insurance, you will only have coverage up to a certain point. To ensure full coverage, it’s best to select an auto insurance policy that goes well beyond the minimum requirements. 

Drivers believe auto insurance premiums are fair

When it comes to the cost of auto insurance, most drivers feel that their auto insurance premiums are equitable.

In fact, 50% of respondents characterized their premiums…

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