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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 ...
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.
According to the Bureau of Labor Statistics, auto insurance premiums in 2024 have increased by a whopping 20.6% year-over-year. That's right, your car insurance is now more expensive than that ...
Inflation is cooling after a hot start to 2024, but it's still higher than policymakers would like. One culprit: The cost of auto insurance. Consumer Price Index data released Wednesday showed U.S ...
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 ...
“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 ...
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