Car Insurance Premiums Spike
September 7, 2023 7:33AM PDT
Traffic-jam on 4-lane highway at rush-hour.
Photo from Alpha Media Portland OR
Car insurance costs are increasing for hundreds of thousands of American drivers.
In some states, care insurance premiums are climbing 50% compared to one year ago.
According to the Bureau of Labor Statistics, car insurance for U.S. drivers in July 2023 was 16-percent more expensive than in July 2022, and 70-percent more expensive than in 2013.
States prone to climate disasters have seen some of the steepest auto-rate hikes.
Plus, a driver’s car insurance can increase because of where they live, what type of job they have, their level of income and even…their level of education.
Traffic-jam on 4-lane highway at rush-hour.
Photo from Alpha Media Portland OR
