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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.
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 ...
Another big reason why car insurance is expensive is the age of the driver. Young people are less experienced behind the wheel. ... $5,988 per year. Age 35: $2,195 per year. ... Why does car ...
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 ...
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 ...
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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