Rising Car Insurance Costs and Their Impact on Drivers

1 min read
Source: NPR
Rising Car Insurance Costs and Their Impact on Drivers
Photo: NPR
TL;DR

Car insurance premiums have risen by 55% since February 2020 due to higher vehicle costs, repairs, and accident expenses, leading many drivers to shop around, cut expenses, or drive uninsured, with some experiencing financial hardship and delaying teenage driving to manage costs.

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