What’s behind the rapid increase in car insurance rates
WEBMar 13, 2024 · Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an...
Why Is Car Insurance So Expensive? - The New York Times
WEBMay 15, 2024 · Car insurers are still raising prices steeply: The price of motor vehicle insurance rose more than 22 percent in the year through April, the fastest pace since the 1970s, according to a...
Auto insurance rates are jumping the most since the 1970s ... - NBC News
WEBMay 23, 2024 · 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 ...
4 reasons why your car insurance premium is soaring : NPR
WEBSep 13, 2023 · The cost of car insurance has jumped more than 19% in the last year, far outpacing overall inflation. There are several reasons why that's happening.
Why are auto insurance premiums so high? Blame inflation and ... - NBC News
WEBAuto insurance costs were a major reason. Drivers in the U.S. are now paying nearly $200 a month on average for full coverage. Traffic on Interstate 405 in Los Angeles on April 2.
Car insurance rates just had their biggest annual jump in 47 years ...
WEBSep 13, 2023 · Across the United States, the cost of car insurance is up 19% compared to a year ago, according to August’s Consumer Price Index report released on Wednesday.
Car insurance rates jump 26% across the U.S. in 2024, report shows
WEBFeb 5, 2024 · According to a new Bankrate report, 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.
Car insurance premiums around the U.S. are soaring. Here's why.
WEBJan 12, 2024 · Insurance coverage far outpaced the rate of inflation, rising six times faster than consumer prices overall last year. Other measures show an even steeper jump in car insurance premiums.
How to Deal With Rising Auto Insurance Rates - The New York Times
WEBMay 5, 2023 · Car insurance is hard to avoid because basic coverage is mandatory in most states. So what can you do to lower your bill? Chuck Bell, programs director of advocacy at Consumer Reports,...
Auto Insurance Spike Hampers the Inflation Fight
WEBFeb 29, 2024 · Motor vehicle insurance rose 1.4 percent on a monthly basis in January alone and has risen 20.6 percent over the past year, the largest jump since 1976. It has been a huge hit for those...