Get ready for a nasty shock the next time you need to renew your car insurance. Industry watchers say premiums have already risen by 15 percent during the first half of 2023 and will have climbed by a total of 22 percent by the end of the year.
For American drivers those rises follow an equally grim 2023 in which insurance costs leapt by 24 percent. Insurify calculates that the average full-coverage premium now costs $2,329, though in some states the total price could be more than 40 percent higher that that.
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