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While average full coverage car insurance rates increased by $289 last year, this is less than the $336 jump from 2023 to 2024 — and experts think 2025 increases will be even more moderate.
Men pay slightly higher auto insurance rates than women, but only about $2.16 more per month, on average. ... ($2,346), Ohio ($2,238) and Indiana ($2,065). Why does car insurance cost so much more ...
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 ...
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 ...
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.
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.
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 ...
As a result of record losses incurred by insurers due to the escalating cost of repairs, climate calamities, and severe car accidents, auto insurance premiums increased by an alarming 24% in 2023.
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