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 Department...
Car make and model Your rates are based in part on the claims your insurer has seen from other people who drive the same model as the car you’re insuring. Sports cars often have high insurance rates, for example, in part because insurers are more likely to pay out large claims from sp...
But less attention has been paid to the jump in price for a stiff expense that comes along with the vehicle: insurance. 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 pas...
Car insurance-Why do we need oneD. Shiladitya
Car insuranceis coming under scrutiny from a new UK taskforce. Sporting significantly less latex thanSpider-man(yet dealing with just as many webs we suspect), the group of experts – made up of insurers, regulators and consumer advice bodies, as well as government suits – will "identify...
Driving Record:One of the most significant factors influencing car insurance rates is the driver’s past driving record. If a driver has a history of accidents, traffic violations, or DUI convictions, insurance companies consider them to be a higher risk and may increase their premiums accordingly...
Why am I being refused car insurance? Declined/Refused Declined car insurance means an insurer has refused to cover you. You might not have met the criteria for the policy, or they might know about misdemeanours in your past and see you as too much of a risk to insure. You could be ...
An imperfect driving record, a history of claims, and poor credit will lead to increased car insurance rates. But you can keep your premiums as low as possible by periodically comparing competing insurance companies, bundling multiple insurance policies
If you've noticed the cost of yourcar insurancepolicy has gone up, you're not alone. Inflation takes some of the blame, but your credit score may have a role as well. The national average cost for full-coverage car insurance has gone up to $2,543 per year,according to Bankrate. Th...
While you’re here, if you’re looking for a better insurance quote, check out The best car insurance companies for young adults. Chris Butsch Chris helps people build better lives through financial literacy. He has contributed to USA TODAY, Forbes and has worked as a senior contributor here...