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Surging auto insurance rates squeezing drivers, fueling inflation. What to know before you buy

Skyrocketing auto insurance and car ownership costs are hitting consumers where it hurts. Here are a few things you can do to keep the price down. read more

Car Insurance Rates Soar Even Faster, Up More Than 22% In A Year; Why Is This Happening?

Car insurance premiums have surged by 22.2% over the past year, according to March’s Consumer Price Index figures from the Bureau of Labor Statistics, far outpacing the current inflation rate of 3.5%. read more

Bill some warn could raise auto insurance rates on senior drivers stalls

House Bill 4611, another measure that is of priority of the Illinois Secretary of State, has stalled. The measure limiting factors that auto insurers can use to set rates didn't advance before last ... read more

Auto insurance rates are up 22% from a year ago—and are fueling inflation

Auto insurance rates rose 2.6% in March and are up 22% from a year ago ... Car price increases eased heading into 2024, with the average at $47,338 in January, down from a peak of $48,516 in late 2022 ... read more

How Forbes Advisor Rates Car Insurance Companies

Our editorial process is independent and free of any outside influence from insurance companies or anyone else. The same basic coverage types are available from most auto insurers, so we rate ... read more

Why You're Paying More for Car Insurance: Average Annual Cost Jumps to $2,543

There's no getting around the fact that insurance costs ballooned over the past year. Bureau of Labor Statistics data shows that car insurance premiums rose 20% in 2023, and the average annual amount ... read more

Car insurance: Lower your rates by avoiding these fees and add-ons

Many insurers charge for paying your bill in monthly installments. Find out what fees might be hiding in your car insurance premiums. read more

What's behind rising car insurance rates and what can you do to save money?

If it seems like you're paying more for car insurance, you're not alone. That's because it has gotten more expensive. read more

Why car insurance costs are rising at the fastest rate in 47 years

Car insurance rates are rising faster than in the last 47 years, and its due to all kinds of reasons including more claims and expensive parts among others ... read more

Virginia drivers required to have car insurance starting July 1

Virginians will no longer be able to legally drive without car insurance starting July 1. State of play: Virginia was one of only two states that allowed people to drive while uninsured, but only if ... read more

Why are car insurance rates in Texas soaring?

According to the Texas Department of Insurance, rates climbed 25.5% in 2023. Bankrate estimates the average annual premium this year in the Lone Star state is $2,620, up from $2,019 last year. Similar ... read more

Today’s top money market account rate roundup…

The average money market account (MMA) rate has remained fairly steady over the past week and sits at 0.59%. But if you shop around, you could get a much higher rate of around 5%. read more