Car Insurance Set to Rise 8.4% in 2023

Traffic moves along the 110 Freeway in Los Angeles, Tuesday, Nov. 22, 2022.
Photo: Jae C. Hong (AP)

From new car prices to gas prices, getting on the open road has become increasingly expensive (along with everything else.) The same goes for car insurance rates, which are expected to rise 8.4 percent in 2023.

That’s according to LendingTree’s research arm, ValuePenguin, which combed through 3.6 million auto insurance quotes in over 41,000 zip codes. It found that the average…

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