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A 2024 annual report from Bankrate shows the average car insurance policy is now more than $2,500 per year. For a family making roughly $74,000 a year, that's nearly 3.5% of their income.
Average car insurance rates increased 26 percent from 2023 to 2024. Average car insurance rates increased 26 percent from 2023 to 2024. ... I want to get a new car. Will my car insurance go up?
But rates for all types of car insurance are going up at an alarming rate. This is mostly because of things like the cost of auto parts and the effects of climate change. ... According to the BLS ...
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching ...
Motor vehicle insurance costs, though, continued to soar. The category rose 1.8% in April on a monthly basis and was up 22.6% from a year ago, the largest annual increase since 1979, according to ...
Car Technology Report: In this report, The Zebra looked into why tech that makes your car safer won't lower your insurance rates and revealed that despite proven safety and security benefits, new in-car safety and anti-theft technology features save drivers less than 1% on car insurance.
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