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Average car insurance rates increased 26 percent from 2023 to 2024. ... Why did my car insurance rate go up? While auto insurance premiums are individualized, overall changes in the insurance ...
Now let's look at why auto insurance rates keep going up -- and how drivers can take matters into their own hands to try to get cheaper car insurance in 2025. 1. Driver's credit score.
Here's why, and where I predict auto insurance rates are heading next year. ... In all, it's estimated that the cost to repair vehicles increased by 17% in 2023 alone. Litigation.
New data out on Wednesday from the Bureau of Labor Statistics showed auto insurance costs last month were 22.2% higher than they were a year ago and increased from February's 20.6% year-over-year ...
The bulk of that increase (17 percent) took place from 2023 to 2024, with a smaller 12 percent increase from 2024 to 2025. The auto insurance industry may finally be starting to get some rate ...
Between February 2023 and February 2024, car insurance costs went up by 21%. So for example, a car insurance premium that cost $300 per month in February 2023 might cost $363 per month one year later.
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