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According to Quadrant Information Services, the average annual rate for a full coverage policy went up 26 percent from 2023 to 2024, with the current average cost of car insurance sitting at ...
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 ...
Motor vehicle insurance costs, though, continued to soar. The category rose 1.8% in April on a monthly basis and was up 22.6% from a year ago, the largest annual increase since 1979, according to ...
Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. His car insurance provider said that the rate increases, among other factors, are a ...
As a result of record losses incurred by insurers due to the escalating cost of repairs, climate calamities, and severe car accidents, auto insurance premiums increased by an alarming 24% in 2023 ...
The last time car insurance rates rose that much on an annual basis was 1976, not counting January, which saw the same annual rate increases. The rise in car insurance rates alone contributed half ...
Car insurance topped the list of items tracked by the U.S. Bureau of Labor Services as having the highest annual cost increase. Americans spent 20 percent more on car insurance in 2023 than they ...
In January 2023, the national average cost of a full coverage car insurance policy was $2,014 per year. Minimum coverage averaged $622 per year. By December 2023, the average full coverage rate ...
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