According to a new Bankratereport, U.S. drivers are paying an average of $2,543 annually, or $212 per month, for car insurance — an increase of 26% from last year. That's 3.41% of yearly earnings for those with a salary of $74,580, which is the...
One insurance rate expert said that in 2023car insurance ratescould feel some additional impact from climate change. "If climate- and weather-related auto insurance claims increase, insurers will likely hike rates," Laura Adams, an award-Winning financial author, podcaster and spokesperson, said. "...
Just in the past year, Americans spent an estimated 20 percent more on car insurance than they did in 2022—the largest such increase since 1976. Among the roughly 200 categories the BLS tracks, car insurance had the highest yearly increase of any expenditure. Only frozen noncarbonated juices...
The average cost of auto insurance increased by 9% to $1,777 per year in 2022, according to a recent report by Insurify. And it expects the rate to increase by another 7% to $1,895 in 2023. If you are interested in saving money on your car insurance, you could consider changing y...
Car insurance rates have climbed 36% since January 2020, according to an ABC News analysis of consumer price data released by theBureau of Labor Statistics. Within the past year alone, rates for car insurance have soared more than 20%, BLS data shows. ...
The article reports on the results of a study conducted by Insurance.com which found that car-insurance rates increased an average of 3.4% in the U.S. during the second quarter of 2008 after falling for several years. Among the states that saw the largest price increases were Indiana, ...
tend to decrease from ages 25 to 60 but begin to creep back upward when a driver reaches their 70s. Advanced age can cause decreased reaction time and poorer eyesight, which in turn can increase the likelihood of an accident. Because of this,senior driverstypically see elevated insurance rates...
When shopping for the best car insurance policy, start by understanding your state’s requirements. If you finance or lease your car, you’ll also want to check on your lender or lessor’s requirements. After that, you can determine what you want to prioritize – price, coverage options, ...
Car insurance rate increase set at 2.9%Frederic M. Biddle, Globe Staff
“Online” insurance purchase still requires contact with an agent Six-month policies expose customers to twice the opportunity for price increase every year You never know what life will throw at (or drop on) you. Good auto insurance can help. ...