Insurify’s latest report on auto insurance trends predicts that average annual car insurance rate will rise by another 7% to $1,895 in 2023, based on historical trends and the current state of the industry.
In 2022, the nationwide average cost of car insurance rose by 9% to $1,777, according to the report.
Insurify says the main causes of the predicted increase are:
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- “Americans are driving more, causing more total accidents;
- “Auto repair costs are rising, making…
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