
Despite already seeing a jump of 11.2% in 2023, ValuePenguin predicts rising repair costs and severe weather will drive auto insurance rates to increase another 12.6% in the United States in 2024. Premiums have been trending upward over the last several years, and have increased 29% overall since 2018, and 25% in just the last two years.
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January 10, 2024, 11:07 PM