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New data out on Wednesday from the Bureau of Labor Statistics showed auto insurance costs last month were 22.2% higher than they were a year ago and increased from February's 20.6% year-over-year ...
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, according to Insurify. And this is on top of ...
The cost of car insurance depends on many things. ... and severe car accidents, auto insurance premiums increased by an alarming 24% in 2023. Recent estimates indicate that auto insurance premiums ...
The 32,479 traffic fatalities in 2011 were the lowest in 62 years, since 1949. [5] For 2016, the NHTSA reported 37,461 people killed in 34,436 fatal motor vehicle crashes, an average of 102 per day. [6] In 2022, there were 42,795 total motor vehicle fatalities. [7]
In the 1920s, farmers were paying the same rates on their automobile insurance as city drivers even though they had fewer accidents and claims than city drivers. The Ohio Farm Bureau decided to set up its own insurance company to offer rates that accurately reflected the driving habits of farmers. [6]
In the CPI calculation, auto insurance has a weighting of nearly 3%, so it’s a significant component. The recent trends probably do not “mean that your premium will fall, but we think the rate ...
Insurance statistics in the United States indicate a 30% increase in the number of elderly killed, comparing 1975 to 2000. [105] Several states require additional testing for elderly drivers. On a per-driver basis, the number of fatal and overall crashes decreases with age, with some exceptions for drivers over 75. [106]
Per data from Quadrant Information Services, the average annual cost of car insurance is $2,542 for full coverage and $740 for minimum coverage, but your rates may vary based on your location ...
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