Key points
- Experts expect car insurance rates to continue to rise in 2024.
- Replacement costs will continue to affect future car insurance rates, as insurers adapt to a 45% cost increase from 2020 to 2023.
- Increasing natural disasters, medical claims costs and vehicle thefts will also contribute to car insurance premium increases.
Car insurance rates are expected to keep accelerating upward, so brace yourself for your next renewal bill. An increase in…
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