Car insurance is surging. Here’s why — and how you can save

Several factors are to blame for surging premiums. While there are signs that new and used vehicle prices may be coming down, car prices remain higher than they were pre-pandemic, noted Greg McBride, Bankrate’s chief financial analyst, and newer, more technologically advanced cars are increasingly expensive to fix.

Consumers can also see higher rates for more personal reasons, such as where they live, their driving history and habits, what kind of car they drive, their…