Car insurance costs are rising: Here’s why and what you can do

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Amid a leveling off of new and used vehicle costs, rising car insurance costs have caused a flat tire for drivers hoping for relief from the financial pressure of driving.

As part of a recent downward trend in inflation, gasoline prices were 25% lower in June 2023 than the same time last year, and consumers were finally beginning to get a little more bargaining power at dealer lots after years of slim pickings. The big surprise, however, was that auto insurance premiums started on…

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