Illinois Auto Insurance Rates Rose by More Than $1.25 Billion in 2023

According to an analysis released January 18 by Illinois PIRG Education Fund, the 10 largest car insurance companies raised Illinois drivers’ rates by more than $1.25 billion in 2023.

The consumer group reviewed over 300 company rate filings, representing 81% of the Illinois car insurance market. Factoring in smaller companies representing the remainder of the market would show an even larger 2023 increase for Illinois drivers.

Read more here.

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