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Here's why, and where I predict auto insurance rates are heading next year. If you'd like to save money on auto insurance, click here for our up-to-date list of the top cheap insurance companies .
Another big reason why car insurance is expensive is the age of the driver. ... $2,195 per year. Age 65: $1,979 per year. The cost of car insurance for teen drivers can be a massive expense ...
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 ...
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.
“Car insurance premiums lag contributing factors such as prices for vehicles and repairs, so insurers have been playing catch-up over the past year or so,” Damico told CNN. Auto repair costs ...
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 ...
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