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Auto insurance rates have been on the rise. The average cost of car insurance rose more than 25% in 2024, with some states seeing average premium increases of 40% or more, CNBC reported. Learn ...
New report projects 22% increase in car insurance costs after 15% spike in first half of 2024 ... Rising Weather-Related Claims Drive Up Auto Insurance Premiums. During Hurricane Ian's peak days ...
As car prices moderate from a pandemic-era surge, insurance has pushed the cost of car ownership to the brink for many Americans. New data out on Wednesday from the Bureau of Labor Statistics ...
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.
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.
After a couple of bad years for profitability, Fitch Ratings says that auto insurers are in far better financial shape in 2024 (so less of a need to increase premiums sharply).
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