Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year
Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year
While car prices dip lower and gradually come back down to pre-pandemic levels, more Americans are still feeling the financial pinch from car ownership — because of insurance.

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mihnt @lemmy.world My insurance bill is higher per month than my monthly payment on my car is. This is after shopping around for insurance.
46 0 Replygrue @lemmy.world What's unusual about that? My insurance is infinitely higher (I own my cars outright).
6 54 Replymihnt @lemmy.world Because I live in a shit no fault state. 0 accidents, 1 ticket in 20 years. (Fuck Ohio.) My insurance should be cheap. It's not though because they scale what I pay off everyone else.
22 1 Replydoingthestuff @lemmy.world Yeah I'm in Ohio also - 0 accidents, 1 ticket in 20 years. And I'll be adding a 2nd teenager to our coverage this year. Ugh.
2 0 ReplyMechanicalJester @lemm.ee My partner broke down into tears when I told them how much adding one was going to be.
1 0 Reply
iheartneopets @lemm.ee And everyone clapped
7 0 Replygrue @lemmy.world lt's not a flex; it's because my cars are old and cheap.
2 6 ReplyRazorsLedge @lemmy.world I can't hear what you're saying because I'm transfixed by your big muscles.
2 0 Reply