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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.
Another big reason why car insurance is expensive is the age of the driver. Young people are less experienced behind the wheel. ... $1,979 per year. The cost of car insurance for teen drivers can ...
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 ...
But American drivers have a new budget-buster to deal with: soaring car-insurance costs. Car insurance costs were 20.3% higher in December than they were a year earlier, with the average annual ...
According to Wednesday's CPI reading, the cost of car insurance is up 22.6% during the past year, the biggest jump by far across the 28 major spending categories Yahoo Finance has been tracking ...
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.
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