"8 Strategies to Combat Rising Car Insurance Costs in 2024"
TL;DR
Car insurance rates are expected to rise by 12.6% in 2024, with a 29% increase since 2018, driven by factors like inflation and repair costs. To combat these hikes, CNBC Select recommends six strategies: bundling home and auto insurance, paying annual premiums in full, considering pay-per-mile insurance, maintaining good credit, taking advantage of discounts, and opting for a higher deductible. These methods can help drivers save on their insurance costs despite the overall upward trend in premiums.
Topics:businesspersonal-finance##autoinsurance#carinsurance#insurancerates#moneysavingtips#personal-finance#premiums
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