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And over the last few years, average auto insurance rates have surged 43%. As of April, the national average cost of car insurance is $2,314 per year for full coverage and $644 per year for the ...
Used car prices fell by 10.9% over the past year, marking the third-largest drop in prices across all goods and categories that the CPI tracks. Rental and new cars also got cheaper, with prices ...
In the CPI calculation, auto insurance has a weighting of nearly 3%, so it’s a significant component. The recent trends probably do not “mean that your premium will fall, but we think the rate ...
Image source: Upsplash/The Motley Fool. Anyone who feels as if car insurance premiums have gotten way too expensive in the past few years is not hallucinating. Between February 2023 and February ...
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 ...
But today, drivers in Texas—home to the nation’s largest insurance-rate increase—are facing rates 45.5% higher than two years ago. Some 15 states have seen average rate increases of 30% or ...
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