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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.
Image source: Getty Images. Average auto insurance costs went up by 22% in 2024, and 23% in 2023. No, that's not a typo: Americans have endured two years in a row of 20% (or more) increases in ...
“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 ...
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 ...
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 ...
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