Your car insurance premiums may increase if you're at fault for an accident. Some drivers will see increased rates even when they weren't at fault
Curious why car insurance premiums are increasing? We dive into the data and some key factors, including COVID-19 and the global semiconductor chip shortage.
Car insurance rates have soared in post-COVID years, and despite many insurance industry experts predicting slower rate hikes in 2024, data from the first half of the year shows a 15% increase in full-coverage premiums. Insurify’s data science team projects a total 22% increase in 2024. Rate increases in 2024 are largely a continuation of hikes in 2023, a year that saw full-coverage premiums rise by 24% in response to insurers’ record underwriting losses ($33.1 billion) in the year prior. Un...
On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.
How much will your car insurance increase after a ticket for reckless driving? Our analysis shows average rate increases by insurance company and by state.
American motorists are spending less on fuel than a year ago, but any savings are likely being gobbled up by soaring car insurance premiums. Although prices at the pump in December were...
Concerned about upcoming car insurance rate increases? Get expert insights on why rates are going up and what you can do to minimize the effects.
If you’re looking for car insurance but don’t know where to start, we’ve reviewed the Best Car Insurance Companies of 2024 to help you in your search.
No one wants to pay more than necessary for car insurance. Here are ways to lower your bill or find cheaper coverage.
If you’re asking yourself why your car insurance rate went up, you are not alone. According to proprietary rate data from analytics company Quadrant Information Services, the average annual rate for a full coverage policy in 2022 was $1,771. In 2023, that same policy may cost you $2,014, an increase of 14 percent. Bankrate’s insurance editorial team, which includes three licensed agents, explores why. Before delving into the reasons behind rising car insurance rates in 2023, let’s dive into how car insurance works from a (very) high level ...