{"id":37237,"date":"2023-01-03T06:55:00","date_gmt":"2023-01-03T14:55:00","guid":{"rendered":"https:\/\/getjerry.com\/wp-site\/?post_type=newsroom&#038;p=37237"},"modified":"2024-11-27T06:11:28","modified_gmt":"2024-11-27T14:11:28","slug":"jerry-state-of-the-american-driver-report-2024","status":"publish","type":"newsroom","link":"https:\/\/jerry.ai\/newsroom\/jerry-state-of-the-american-driver-report-2024\/","title":{"rendered":"Jerry State of the American Driver Report Declares 2024 the &#8220;Year of the Hybrid&#8221; as Heightened Car Buying Demand Signals Car Market Recovery"},"content":{"rendered":"\n<p><em>In a year-over-year comparison of drivers\u2019 car purchasing intent, nearly double expect to buy new or used in the next 12 months; 83% opt for hybrids over plug-in charging electric vehicles.<\/em><\/p>\n\n\n\n<p><strong>PALO ALTO, California \u2013 Jan. 3, 2023<\/strong> \u2013 <a href=\"\/signup\/insured?service=insurance\">Jerry<\/a>, the AllCar\u2122 app, today releases findings from its <a href=\"\/communication_assets\/Jerry+2024+State+of+the+American+Driver+Report.pdf\">2024 State of the American Driver Report<\/a>, the third-annual study that offers a full-scale, data-validated look into the current state of the car ownership experience. The report deciphers how the cost of car ownership is affecting Americans\u2019 budgets, their car buying outlook, their preference for hybrids over electric vehicles (EVs), and their first-hand experiences on the nation\u2019s roads.<\/p>\n\n\n\n<p>Jerry&#8217;s 2024 State of the American Driver Report analyzes results from a national survey of more than 1,200 American drivers across all age groups and regions of the country, combined with internal data and research on insurance rates, road safety, and auto loan delinquencies. Key findings include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>A car buying comeback<\/strong>: More than four in 10 (42%) American drivers said they plan to buy a new or used car next year, nearly twice as many as last year (23%). Another 22% said they weren\u2019t planning to buy a vehicle but would reconsider if prices dropped, while 12% said they would reconsider if interest rates fell.<\/li>\n\n\n\n<li><strong>Year of the hybrid<\/strong>: Only 41% of respondents said they were interested in buying or leasing an EV as their next vehicle, down from 49% a year earlier. And 23% said they expect to get their first EV within the next three years, down from 25% a year ago. Given a choice of two otherwise identical vehicles that are priced the same, 83% said they would choose a hybrid that didn\u2019t require plug-in charging over an EV that did.<\/li>\n\n\n\n<li><strong>Primed for success<\/strong>: The business of selling cars faces a potential shake-up in 2024, with Amazon planning to let people shop for vehicles available in their area on its site. More than half (57%) of respondents said they would consider buying a car on Amazon. A year earlier, 21% of respondents said that an \u201conline platform\u201d would be their preferred method of buying a vehicle.<\/li>\n\n\n\n<li><strong>The coverage compromise<\/strong>: Soaring car insurance premiums forced nearly a quarter (22%) of drivers to buy less coverage than they wanted in 2023. That included 39% of Gen Z and 32% of Millennials. Still, only 38% of drivers shopped around for insurance.<\/li>\n\n\n\n<li><strong>Americans\u2019 shifting priorities<\/strong>: More than half (58%) of American drivers cut spending in other areas\u2014such as restaurant meals, clothing and groceries\u2014because of the high cost of owning a car. That included 80% of Gen Z and 69% of Millennials.<\/li>\n\n\n\n<li><strong>The CEO effect<\/strong>: More than a third of respondents (37%) said they were less likely to buy a Tesla because of Elon Musk\u2019s political views and his management of X (formerly Twitter). But 15% said they were more likely to buy one for the same reasons.<\/li>\n\n\n\n<li><strong>Rough roads<\/strong>: More than half (56%) of drivers said driving became more dangerous in the past year; higher numbers than last year witnessed angry gestures and yelling (57%) and aggressive honking (55%) at least once. Nearly one in five (18%) said they saw a non-police vehicle chase another vehicle, and 13% saw a non-police vehicle try to stop or block another vehicle.<\/li>\n<\/ul>\n\n\n\n<p>\u201cElevated car-ownership costs prevailed in 2023. Car insurance expenses alone rose at an annual rate of 19.2 percent in October, the fastest increase since at least 1985, the earliest year for which data is available,\u201d says Henry Hoenig, Jerry data journalist and study author. \u201cBut signs of hope are starting to show. Falling used vehicle prices and the promise of lower interest rates mean that the coming year will be at least a little bit easier for budget-stretched car owners.\u201d<\/p>\n\n\n\n<p>While nearly a quarter of Americans report spending more than 20% of their household&#8217;s monthly after-tax income on their monthly car payment \u2013 before accounting for insurance, gas, repairs, or maintenance \u2013 ways to save do still exist. The Jerry app saves car owners both time and money on their car expenses. Customers who use Jerry to buy car insurance save, on average, more than $600 a year. Customers who refinance their car loan with Jerry, on average, reduce their monthly payment by $152.<\/p>\n\n\n\n<p>\u201cShopping around for better rates on car insurance and loans can save car owners a significant amount of money,\u201d adds Hoenig. \u201cJerry does virtually all the work to find and secure car insurance savings for you in a matter of minutes. Four million Americans already rely on Jerry to radically improve how they manage owning a car and tap into their fullest savings potential.\u201d<\/p>\n\n\n\n<p>The Jerry app offers many additional money-saving and car ownership-simplifying services, making keeping up with maintenance, preserving car value, and improving your driving skills just as affordable and easy. To learn more, visit getjerry.com. To review the full report, <a href=\"\/communication_assets\/Jerry+2024+State+of+the+American+Driver+Report.pdf\">click here<\/a>.<\/p>\n\n\n\n<p><strong>Methodology<\/strong>: Jerry\u2019s 2024 State of the American Driver report is based on data from a nationally representative survey of 1,268 people conducted in November and December 2023 using a platform and audience from Pollfish. Results were filtered to include only respondents who own or lease a vehicle and drive at least once a week, and blended for age, gender and region. More information about Pollfish and its audiences can be found on its website. Data on fatal traffic crashes comes from the National Highway Traffic Safety Administration, and figures on road rage shootings are from Everytown for Gun Safety, which analyzed data from the Gun Violence Archive. Inflation figures are based on data from the U.S. Bureau of Labor Statistics.<\/p>\n\n\n\n<div class=\"wp-block-jerry-meet-experts\" data-wp-interactive=\"jerry\/meet-experts\" data-wp-context=\"{&quot;modalVisible&quot;:false}\">\n  <div class=\"font-circular text-2xl font-extrabold text-slate-900\">Expert-driven. Built for you.<\/div>\n\n  <div class=\"my-3\">\n    <div class=\"flex justify-between items-center py-3 border-b border-neutral-200 cursor-pointer font-semibold text-gray-900\" data-wp-on-async--click=\"actions.toggleModal\">\n  <button class=\"text-left text-base\" type=\"button\">\n    Why you can count on Jerry&#8217;s articles  <\/button>\n\n  <div class=\"transition data-[visible=true]:md:rotate-180 text-xs iconify i--chevron-down text-gray-500\" data-wp-bind--data-visible=\"context.modalVisible\"><\/div>\n<\/div>\n<div class=\"modal-backdrop fixed bottom-0 left-0 right-0 top-0 z-50 overflow-hidden overscroll-contain bg-black\/70 font-body transition-transform delay-100 duration-0 md:relative md:z-auto [&amp;:not([data-visible=true])]:translate-y-full [&amp;:not([data-visible=true])]:bg-black\/0 [&amp;:not([data-visible=true])]:md:hidden\" data-wp-init=\"callbacks.onModalInit\" data-wp-on-async--click=\"actions.hideModal\" data-wp-bind--data-visible=\"context.modalVisible\">\n  <div class=\"modal-view fixed bottom-0 left-0 right-0 flex max-h-[75%] w-full flex-col rounded-t-3xl bg-white pb-7 pl-7 pt-3.5 transition md:relative md:rounded-none md:pl-0 md:transition-none [&amp;:not([data-visible=true])]:translate-y-full [&amp;:not([data-visible=true])]:md:hidden\" data-wp-bind--data-visible=\"context.modalVisible\">\n    <div class=\"modal-header md:hidden flex justify-between items-center pb-1 mb-1 border-b border-zinc-200\">\n      <div class=\"modal-title text-base font-semibold\">Summary<\/div>\n\n      <div\n        class=\"modal-close-btn wp-block-group w-11 h-11 mr-2.5 content-center text-center\"\n        data-wp-on-async--click=\"actions.hideModal\"\n      >\n        <div class=\"iconify i--close text-gray-500 cursor-pointer\"><\/div>\n      <\/div>\n    <\/div>\n\n    <div class=\"modal-body pr-7 overflow-y-auto\"><div class=\"wp-block-template-part\"><div class=\"flex flex-row items-center gap-2.5 rounded-lg bg-gray-pink px-4 py-5\">\n  <span class=\"iconify mt-0.5 shrink-0 self-start text-xs text-primary i--shield-check\"><\/span>\n\n  <div>\n    <div class=\"font-body text-xs font-bold text-primary\">Our goal is clear, trustworthy information.<\/div>\n    <div class=\"mt-1 font-body text-xs text-gray-600\">\n      Our content is created, edited and fact checked by a team of licensed insurance agents, automotive pros and\n      experienced journalists who know the industry inside and out. Facts are thoroughly researched, verified and kept\n      current, and our editorial team is separate from our business partners, so our opinions &#038; tips are unbiased. All\n      insights drawn from Jerry\u2019s proprietary, aggregated customer auto insurance quotes data provide unique, real-world\n      guidance.\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><\/div>\n  <\/div>\n<\/div>\n  <\/div>\n\n  <div class=\"text-base font-semibold text-gray-900\">Our experts<\/div>\n\n  <div class=\"my-8 flex flex-col gap-8 items-center justify-center\">\n          <div\n        class=\"meet-experts-item group relative flex h-auto w-full flex-none flex-col justify-between overflow-hidden rounded-3xl py-9 text-sm shadow-variant-card\"\n        data-expand=\"false\"\n        data-wp-init=\"callbacks.onItemInit\"\n      >\n        <div class=\"grid h-full w-full grid-cols-1 overflow-hidden px-8 md:grid-cols-4\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"319\" height=\"315\" src=\"\/wp-content\/uploads\/2025\/02\/Elin-Nozeski.png\" class=\"size-16 rounded-full md:size-32 col-span-1 md:ml-4\" alt=\"meet-experts-thumbnail\" srcset=\"\/wp-content\/uploads\/2025\/02\/Elin-Nozeski.png 319w, \/wp-content\/uploads\/2025\/02\/Elin-Nozeski-300x296.png 300w, \/wp-content\/uploads\/2025\/02\/Elin-Nozeski-57x56.png 57w, \/wp-content\/uploads\/2025\/02\/Elin-Nozeski-253x250.png 253w\" sizes=\"auto, (max-width: 351px) 264px, (max-width: 572px) 429px, (max-width: 678px) 509px, (max-width: 720px) 540px, (min-width: 720px) 319px, 100vw\" fetchpriority=\"low\"\/>\n          <div class=\"col-span-3\">\n            <div class=\"my-4 flex-1 content-center font-circular text-lg font-medium text-slate-900 md:mt-0\">\n              Elin Nozewski            <\/div>\n\n            \n            <div class=\"text-slate-500 mt-2 leading-6\">\n              <p>Elin Nozewski is vice president of communications at Jerry. She leads the development of the company\u2019s strategic communications and supports growth for the fast-growing AllCar\u2122 app through internal and external channels.\u00a0Elin brings 20 years of experience planning and executing reputation-building communications campaigns for global brands and start-ups.<\/p>\r\n<p>Most recently, Elin was senior vice president and partner at global communications firm FleishmanHillard. There, she co-led the brand marketing team at the company\u2019s headquarters office and served clients across the automotive, travel, consumer technology, fashion, logistics, and retail industries. Previously, Elin held roles at public relations firms Airfoil Group and Golin. Her clients have included Enterprise Holdings, eBay, PayPal, Nintendo of America, Fossil Group, UPS, and many others.<\/p>\r\n<p>Elin holds a bachelor\u2019s degree in communication studies from the University of Michigan and is a 2019 graduate of the Leadership St. Louis program.<\/p>            <\/div>\n          <\/div>\n        <\/div>\n\n        <div class=\"absolute hidden group-data-[expand=true]:flex bottom-0 w-full h-24 bg-gradient-to-t from-white from-30% to-transparent to-100% items-end justify-center\">\n          <div\n            class=\"flex cursor-pointer flex-row items-center gap-2 my-4 font-circular text-primary\"\n            data-wp-on-async--click=\"actions.onItemExpandClick\"\n          >\n            <span class=\"text-sm\">See more<\/span>\n            <span class=\"iconify i--chevron-down text-xs\"><\/span>\n          <\/div>\n        <\/div>\n      <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a year-over-year comparison of drivers\u2019 car purchasing intent, nearly double expect to buy new or used in the next 12 months; 83% opt for hybrids over plug-in charging electric vehicles.<\/p>\n","protected":false},"author":8,"featured_media":37239,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jerry_authors":"[{\"id\":\"104\",\"type\":\"main-author\"}]","jerry_author_ids":[104],"jerry_idx_page_label":"","jerry_meta_desc":"In a year-over-year comparison of drivers\u2019 car purchasing intent, nearly double expect to buy new or used in the next 12 months; 83% opt for hybrids over plug-in charging electric vehicles.","jerry_related_posts":"[6079,29799,5177]","jerry_summary":"","inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-37237","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/newsroom\/37237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/types\/newsroom"}],"author":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/comments?post=37237"}],"version-history":[{"count":1,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/newsroom\/37237\/revisions"}],"predecessor-version":[{"id":45199,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/newsroom\/37237\/revisions\/45199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/media\/37239"}],"wp:attachment":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/media?parent=37237"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/tags?post=37237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}