Inflation has been one of the biggest buzzwords lately, so it should come as no surprise to anyone that auto insurance is becoming more expensive.
However, there are several additional reasons besides inflation that have caused auto insurance premiums to increase by nearly 14%, according to a new study from Bankrate.
The average American driver is now paying $2,014 a year on car insurance, up from $1,771 in 2022.
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Abby Andrews