Home Business Why car insurance costs have soared (and what drivers are doing about it)

Why car insurance costs have soared (and what drivers are doing about it)

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Car insurance premiums, on average, have increased 55% since February 2020, according to the Bureau of Labor Statistics.

Car insurance premiums have increased at twice the rate of overall inflation. They've stabilized, at least for now, but more than half of Americans say the costs are painful.

(Image credit: Getty Images)

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