Car Insurance Costs Are Rising Faster Than Any Other Service We Buy

• Car insurance topped the list of items tracked by the U.S. Bureau of Labor Services as having the highest annual cost increase.
• Americans spent 20 percent more on car insurance in 2023 than they did in the previous year.
• The blame, in part, goes to higher-priced new vehicles and rising repair costs.

In just three years, car insurance has risen to the point where it costs Americans 43 percent more than it did during the depths of the pandemic in December 2020. That’s…