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 car insurance is still so expensive even as car prices are ... - CNN
WEBAug 14, 2024 · Car insurance rates are up 18.6% for the 12 months ended in July, according to Consumer Price Index data released Wednesday. That marked the third-largest jump in prices over the past year...
Auto news, trends and insights - Insurance Journal
WEBExplore the latest Auto insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal.
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.
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.
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 ...
Why are auto insurance premiums so high? Blame inflation and ... - NBC News
WEBApr 10, 2024 · Auto 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.
Surging auto insurance rates squeeze drivers, fuel inflation
WEBApr 26, 2024 · 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 steadily higher since 2022.
Here's why auto insurers are raising rates as car prices ease
WEBJun 16, 2023 · Average motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index. That’s among the largest annual increases of any consumer good or service,...