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...
Due torising inflationand traffic accident rates, drivers saw auto insurance costs increase by 9%, to $1,777 per year in 2022, according to Insurify's2022 in review and what's ahead for 2023report. Auto insurance costs could rise by another 7% in 2023 to $1,895 per year, the report...
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...
High levels of vehicle theft have also made car insurance more expensive in recent years. 2023 saw overone million vehicle thefts, which was almost an additional one percent increase from 2022, the highest recorded number since 2008. Because the risk of vehicle theft is higher than usual, insur...
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...
The cheapest car insurance companies in Connecticut are GEICO ($68 per month), USAA ($96), State Farm ($99), Amica ($123), and Kemper ($125).
was 0.02 percent or higher, you could face even more penalties, and if it’s a repeat conviction, you’ll have to use aDUI interlockfor two years. The average rates for car insurance increase by 80 percent for drivers with DUIs, according to ourresearch on DUIs and car insurance. ...
Alaska car insurance rates average $44.97/mo. The Alaska minimum liability coverage requirement is 25/50/100. Learn more and compare Alaska car insurance rates.
This combination of factors raises the probability of an insurer having to pay out a claim, so companies increase the price of car insurance in response. Premium increases may soon slow in D.C. The D.C. legislature passed a new law requiring home and auto insurers to file for prior ...
Cheapest Car Insurance Rates in Florida After a Speeding Ticket: State Farm Getting a speeding ticket can increase your car insurance premium. In Florida, drivers with one speeding ticket on their record pay 15% more for car insurance on average than those with clean records. At $1,772, Stat...