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...
Auto insurance rates are jumping the most since the 1970s ... - NBC News
WEBMay 23, 2024 · Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America.
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.
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...
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 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. That's 3.41% of yearly...