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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 ...
Auto insurance rates have been on the rise. 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 ...
Now let's look at why auto insurance rates keep going up -- and how drivers can take matters into their own hands to try to get cheaper car insurance in 2025. ... The highest-cost state for car ...
Average car insurance rates increased 26 percent from 2023 to 2024.
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.
Here's why, and where I predict auto insurance rates are heading next year. If you'd like to save money on auto insurance, click here for our up-to-date list of the top cheap insurance companies .
Even U.S. Consumer Price Index (CPI) data found that car insurance rates increased by 21% in the 12-month period that ended in February. This is the most rapid rise in insurance costs since 1976.
Inflation is cooling after a hot start to 2024, but it's still higher than policymakers would like. One culprit: The cost of auto insurance. Consumer Price Index data released Wednesday showed U.S ...
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related to: why auto insurance premiums are increasing in ohio state reddit stream