In recent months, car insurance prices have surged, and they’re expected to keep climbing. In its State of Auto Insurance in 2023 report, ValuePenguin projected that car insurance rates would go up by 8.4% across the U.S. this year, which it notes is “the biggest jump in car insurance costs in the past six years.”
Why the increase? “Inflation has possibly had the biggest impact,” according to insurance company Progressive. There are other…
Comments are closed