Auto insurance premiums are on the rise - again! Michael Barry with theInsurance Information Institutesays premiums seem to go up on average 6% to 8% every year. He says a number of factors are playing into rates going up, including the fact that many cars are simply more expensive to fix...
Why Are My Insurance Rates Going Up?Explains the cyclical nature of insurance premiums in the United States and how businesses can protect themselves. Factors that drive the cycle; Loss information; Financial information; Asset ...
Not only has overall inflation grew 3% in June compared with a year ago, but auto insurance has gone up a whopping 19.5%, according to the most recent Consumer Price Index data. The national average for full coverage car insurance is nearly $2,300 a year as of July, or $190 a month...
MINNEAPOLIS — While many have finished cleaning up from last week's storms, their impact is far from over. Even if you didn't have any damage, you could still feel the pain when it comes to paying for home insurance. For five straight years, insurance companies say they have lost ...
“This year coming up in ‘25 — even this fall — if you have a renewal coming up, it will be very much to your advantage to shop around for your auto insurance.” In this article, we’ll look at reasons why car insurance is going up, how re-shopping can save you money, and ...
Car insurance rates can go up because of these things, but it is also possible for auto insurance rates to go down if the opposite occurs. In some areas, there can be fluctuations from one year to the next. Not only can the neighborhood you are living in be taken into consideration, ...
If you’re like them, you’re probably wondering: “Why is my car insurance so high?” Unfortunately, there’s no single answer. Many factors influence the price you pay for auto insurance. Some might seem obvious, like having a recent speeding ticket on record. But others may be less ...
Inflation has leveled off for most goods and services, but car insurance costs continue rising aggressively.
California is still the slowest state in the continental United States for auto insurance rate filings, taking an average of 219 days to approve a price proposal for a personal auto policy, according to S&P data provided by Mr. Zawacki. ...
"Prices for a lot of things have gone up over the last few years," Tom Simons, an economist at Jefferies who studies the auto industry, told ABC News. "The difference with car insurance is that it's still going up while others have subsided." ...