Auto insurance prices skyrocketed in 2023. According to the Bureau of Labor Statistics, the average cost of auto insurance increased by 20.3% from December 2022 to December 2023, making this the largest annual car insurance price increase since 1976. There are many reasons for the rise in car insurance prices: Cars are more expensive to repair, mechanics have raised their prices, and people are getting in more car crashes.
As a driver, so much of what happens on the road is out…
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