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California is as car crazy as ever, with insurance rates increasing to match. Data analyzed by the insurance comparison website Insurify showed the average annual cost of full coverage in ...
Car Insurance Costs Surpassed $2,300 in the First Half of 2024. The average annual cost of full coverage hit $2,329 in June 2024, a 15% increase from $2,018 at the end of 2023.
Image source: Getty Images. Average auto insurance costs went up by 22% in 2024, and 23% in 2023. No, that's not a typo: Americans have endured two years in a row of 20% (or more) increases in ...
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.
A 2024 annual report from Bankrate shows the average car insurance policy is now more than $2,500 per year. For a family making roughly $74,000 a year, that's nearly 3.5% of their income.
According to Wednesday's CPI reading, the cost of car insurance is up 22.6% during the past year, the biggest jump by far across the 28 major spending categories Yahoo Finance has been tracking ...
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