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While average full coverage car insurance rates increased by $289 last year, this is less than the $336 jump from 2023 to 2024 — and experts think 2025 increases will be even more moderate.
Image source: Upsplash/The Motley Fool. The cost of an average auto insurance policy will rise by 22% in 2024, and residents of some states could see the cost of coverage rise by 50% or more ...
In 2024, the national average cost of full coverage car insurance reached $2,543, marking a 26% increase from the previous year. Drivers opting for minimum coverage are paying an average of $740 ...
There's some bad news ahead for the nation's car owners, with a new report forecasting that auto insurance — one of the biggest drivers of inflation this year — will continue to rise in 2024 ...
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 ...
Car insurance topped the list of items tracked by the U.S. Bureau of Labor Services as having the highest annual cost increase. ... insurance companies racked up so much cash from a lack of ...
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