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Ohio drivers, already facing stiff increases in prices, now are having to deal with inflation on auto insurance that is the highest in a decade. Sticker shock: Ohio drivers seeing historic rate ...
The average cost of car insurance rose more than 25% in 2024, with some states seeing average premium increases of 40% or more, CNBC reported. Learn More: 2 Reasons New Car Prices Will Crash in 2025
Between February 2023 and February 2024, car insurance costs went up by 21%. So for example, a car insurance premium that cost $300 per month in February 2023 might cost $363 per month one year later.
The highest-cost state for car insurance in 2023 was Michigan, with an average annual car insurance premium of $5,766. That's almost twice the national average of $3,017, and much more expensive ...
Here’s why you should carry more than your state’s minimum coverage, what the data shows about insurance premiums for seniors and why sharing your car isn’t always a good idea.
Move to a cheaper state: Car insurance costs can vary dramatically by location. Drivers in the most expensive states pay more than four times as much as those in the lowest-cost locations.
Image source: Upsplash/The Motley Fool. The cost of an average auto insurance policy will rise by 22% in 2024, and residents of some states could see the cost of coverage rise by 50% or more ...
Average car insurance rates increased 26 percent from 2023 to 2024. ... You may be asking yourself why your car insurance premium is so high this year. ... While average rates have risen in every ...
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related to: why auto insurance premiums are increasing in ohio state reddit tips