What’s behind the rapid increase in car insurance rates
WEBMar 13, 2024 · Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an...
Car insurance rates jump 26% across the U.S. in 2024, report shows
WEBFeb 5, 2024 · According to a new Bankrate report, U.S. drivers are paying an average of $2,543 annually, or $212 per month, for car insurance — an increase of 26% from last year.
Auto insurance rates are jumping the most since the 1970s ... - NBC News
WEBMay 23, 2024, 2:03 PM PDT / Source: CNBC. By Jeff Cox, CNBC. Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way ...
Car insurance rates just had their biggest annual jump in 47 years ...
WEBSep 13, 2023 · Across the United States, the cost of car insurance is up 19% compared to a year ago, according to August’s Consumer Price Index report released on Wednesday. That’s the biggest annual increase...
4 reasons why your car insurance premium is soaring : NPR
WEBSep 13, 2023 · The cost of car insurance has jumped more than 19% in the last year, far outpacing overall inflation. There are several reasons why that's happening.
Car Insurance Rates Up 22.6% Year Over Year; 28th Straight
WEBMay 15, 2024 · Car insurance premiums continued to climb in April, rising 22.6% over the past year, according to the latest Consumer Price Index from the U.S. Bureau of Labor Statistics.
Why are auto insurance premiums so high? Blame inflation and ... - NBC News
WEBWhy are auto insurance premiums so high? Blame inflation and a few other factors. Consumer prices moved higher in March. Auto insurance costs were a major reason. Drivers in the U.S. are...
Car insurance rates have soared 36% since 2020. Here’s why.
WEBJan 26, 2024 · Car insurance rates have climbed 36% since January 2020, according to an ABC News analysis of consumer price data released by the Bureau of Labor Statistics. Within the past year alone, rates for car insurance …
Why car insurance rates are increasing in the U.S. - CNBC
WEBMar 23, 2024 · The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more...
Surging auto insurance rates squeeze drivers, fuel inflation
WEBApr 26, 2024 · Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022.