Tag Archives: auto insurance rates

Auto Insurance Rates to Hit Nose Bleed Levels in 2024

Insurance industry analysts expect auto insurance rates to jump by 12.6% across the U.S. in 2024 due to rising repair costs and frequent severe weather. Last year, insurance rates increased 11.2%. The average cost of full coverage car insurance across … Continue reading

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How Inflation Can Affect Car Insurance Rates

The effects of inflation facing companies and consumers alike may also cause your car insurance rates to rise when it is time to renew your policy. Like many other financial obligations, car insurance is an expense that’s facing pressure due … Continue reading

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GEICO Announces Auto Insurance Rate Increase in Illinois

Citing the inflation of repair and replacement prices, GEICO will be raising auto insurance rates in Illinois by an average of 6%. The new rates will go into effect on May 30, 2022. Click here to read more.  

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Auto Insurance Rates are Rising Sharply in Illinois as Drivers Hit the Road and Repair Costs Skyrocket

Citing everything from labor shortages to supply chain issues, several major auto insurance companies have implemented sharp rate increases that could add upward of $100 to annual premiums for Illinois drivers navigating the waning pandemic landscape. Click here to read … Continue reading

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Car Insurance Rates Expected to Increase in 2022

Auto insurance rates are expected to rise by about 0.6% this year, according to a recent ValuePenguin study. Increased rates are attributed to increased technology in vehicles in the last six years. Click here to read more.  

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S&P Report Forecasts Increasing Insurance Premiums, But Also Good News

A return to pre-COVID-19 pandemic travel on U.S. roads and the increasing costs of repairs and replacements is about to trickle down to automobile insurance companies. And then to insured drivers. The U.S. Auto Insurance Market Report, an annual report … Continue reading

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