"I asked them if due to the fact that I have a Hyundai, is that one of the reasons my rates are going up and they said 'yes,'" Long said. A 2024 annual report from Bankrateshows the average car insurance policy is now more than $2,500 per year. For a family making roughly...
NEW YORK - Automobile insurance rates are rising sharply across the country, continuing a five-year trend.In a few states, premiums for private passenger cars are increasing so fast that the public is protesting vocally and sometimes dramatically.Why is insurance so costly? For one thing, ...
TROY, Mich.: 11 June 2024 — With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-high premiums do not appear to be leveling off anytime s
About 37% of drivers say they will or have already received a quote from a new insurer in response to rising insurance rates, and 27% have or plan to switch insurance companies, according to anew surveyby Autoinsurance.com. Shop around for car and home insurance once a year to make sure...
The increased complexity of vehicles is driven in large part by sophisticated vehicle design, and vehicles equipped with Advanced Driver Assistance Systems (ADAS), which have prompted insurers to reevaluate their pricing models. With insurance rates rising steadily over the past few years –up 15% ...
Current rate filings show that, on average, car insurance rates have trended upward in the first half of 2022. But what will happen in the remainder of the year? Between January 1 and May 18, there were an average of 9.1 approved rate increases per day in the country. This means that...
limit on an open highway, a speeding ticket could cost you big—both in the form of the traffic fine and the cost of your insurance rates rising. If, however, you do slip and get a traffic fine, consider taking a defensive driving course to keep the violation off of your driving ...
insuranceconsumersautoratespricesgas FORIMMEDIATERELEASE:CONTACT:January19,2006J.RobertHunter,703-528-0062RISINGGASPRICESSHOULDLOWERAUTOINSURANCERATESFORMANYCONSUMERS–CFAUrgesConsumersWhoDriveLesstoContactTheirInsuranceCompanies–Washington,D.C.--AccordingtoananalysisreleasedtodaybytheConsumerFederationofAmerica(CFA),...
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AutoInsurance.org recently found State... Dec 28, 2023, 10:04 ET 2024 Inflation-Adjusted Auto Insurance: $4 More a Month (at Least)! AutoInsurance.org recently published a guide about rising auto insurance rates every year. This guide reveals that insurance rates have been rising,... ...