Trump Claims Credit for Lower Auto Insurance Premiums
President Donald Trump has asserted that his border policies are responsible for the decline in auto insurance premiums, attributing the increase in costs previously seen to illegal immigrants causing accidents and theft across the country.
On his “Truth Social” account, Trump criticized President Biden, declaring a victory regarding lower insurance rates.
In his post, Trump described Biden’s border policies as disastrous, alleging that they have allowed a significant influx of criminals, including over 13,000 murderers, to enter the country from various institutions.
“They certainly haven’t been the safest drivers! Auto insurance premiums skyrocketed, forcing honest Americans to cover the costs associated with illegal immigration. After a year of reduced illegal immigration and our effective efforts to counter the Biden trend, auto insurance rates have dropped,” he stated.
He concluded with a rallying call to “make America safe again.”
Insurance premiums had surged through September 2024, largely due to Biden’s immigration policies bringing in millions of new immigrants lacking proper driving education or English skills.
While premiums increased around 8.3% during Trump’s presidency, they rose by 20% under Biden, according to federal data available then.
This significant rise translated to an additional $500 expense for average Americans annually.
Interest rates soared by 20.6% during Biden’s third year, but by 2025, they had remarkably decreased to just 0.5%, and further down to -2.3% by 2026.
A study released last year in the Journal of Policy Analysis and Management suggested that the rise in uninsured drivers, along with some states granting driver’s licenses to undocumented immigrants, has led to increased dangers on the roads.
The research indicated that the issuance of driver’s licenses to unauthorized immigrants correlated with nearly a 5% rise in fatal crashes, amounting to an extra 0.46 fatal crashes per county each year. The study’s author mentioned that the impact was more pronounced in states with larger undocumented populations. It found that once licensed, undocumented immigrants might be more inclined to engage in hazardous driving behaviors.
This research seemingly aligns with Trump’s assertion that limiting the entry of illegal immigrants would reduce road usage and, in turn, lead to fewer accidents linked to their driving. Consequently, there might be less strain on the auto insurance industry—something Trump highlighted.
