If hiked car insurance premiums have you wondering, gee, is it just me? Nope, it's on everyone, as the latest federal government data shows.
American motorists are spending less on fuel than a year ago, but any savings are likely being gobbled up by soaring car insurance premiums. Although prices at the pump in December were nearly 2% lower than a year ago, auto insurance rates jumped 20% over the same period, Labor Departmentd...
You should have another policy in effect before canceling your existing coverage to avoid your future car insurance premiums increasing substantially due to a lapse in coverage. If you are recuperating from surgery or embarking on a long vacation, you may want to suspend your car insurance instead...
Inflation has leveled off for most goods and services, but car insurance costs continue rising aggressively.
Rising premiums are not only another financial headache for drivers and businesses to bear during the continuingcost of livingsqueeze but also risk a growing number of motorists driving without insurance. There were an estimated one million of them on the roads last year, according to the Motor ...
American drivers could face another year of rising auto insurance costs in 2023, as inflation and increasing claims drive premiums to a new high, a recent report showed. Due torising inflationand traffic accident rates, drivers saw auto insurance costs increase by 9%, to $1,777 per year in...
“You went from this period of incredible profitability to incredible losses in the blink of an eye,” saidTimZawacki, an analyst who focuses on insurance at S&P Global Market Intelligence. No companies were willing to stick their necks out by offering lower premiums in the hope of winning new...
If you have bad credit, you may pay higher car insurance premiums. The statewide average for drivers in this category is $3,986 per year. Geico has the cheapest average rate for drivers with poor credit at $2,997 annually. Company Poor Credit Geico $2,997 United Automobile $3,235 ...
Increasing insurance premiums likely Dangerous trend to 3rdparty only cover Dubai, United Arab Emirates, 1 August 2021, (AETOSWire): COVID-19 and its subsequent implications had led to less people and drivers on the road. As such, it’s been observed that during the pandemic...
Yourdeductibleis the amount you'll pay if you're involved in an accident. In most cases, the higher the deductible the lower your premium. Increasing your deductible from $200 to $500 could reduce the cost of collision and comprehensive coverage by up to 30%, according to theInsurance Infor...