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Why has car insurance gone up so much? from www.drive.com.au
Car insurance prices have been steadily dropping every 3 months since the beginning of last year with premiums now at their lowest in 18 months. Rates are expected to level off in 2025 and begin to more closely match price increases in new and used cars now that those markets have recovered from COVID-era volatility.
Why has car insurance gone up so much? Automotive insurance rates are rising at an unusually fast pace compared to the automotive market For example, Florida's current average cost of car insurance is a whopping $4,326 per year, partly due to the area's heightened risk of various natural. "Trends and insights: Personal auto insurance rates." Accessed November 2024
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