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The national average cost of full coverage car insurance climbed 26 percent from 2023 to 2024, leaving many drivers wondering why coverage has gotten so expensive.
Image source: Getty Images. Average auto insurance costs went up by 22% in 2024, and 23% in 2023. No, that's not a typo: Americans have endured two years in a row of 20% (or more) increases in ...
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 ...
Insurance tech firm Insurify found that auto insurance premium hikes were "largely due to the skyrocketing price of auto parts and the increasing number and severity of claims." And while ...
Auto Insurance Premiums Have Been on a Joyride to Hell According to the Bureau of Labor Statistics , auto insurance premiums in 2024 have increased by a whopping 20.6% year-over-year.
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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