Car Insurance Premiums to Increase 12.6% in 2024 – Highest Rate increase in 6 years – PR Newswire

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Residents of all 50 States Will See Their Car Insurance Get More Expensive in 2024 

NEW YORK, Jan. 9, 2024 /PRNewswire/ — American drivers should prepare themselves for another year of Auto Insurance sticker shock, with auto insurers expected to raise car insurance premiums by an average of 12.6% in 2024, after raising rates by 11.2% in 2023. This will be the highest rate increase since 2018, according to The State of Auto Insurance in 2024 report published by ValuePenguin.com,…

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