Auto Insurance Costs Jump 12% to $2,638 - What Industry CEOs Aren't Telling You
Key Points
- Car insurance costs have jumped 12% to an average of $2,638 ...
Your car insurance bill just got $280 fatter this year, and the culprit isn't just your teenage driver's latest parking adventure. Full coverage now averages $2,638 annually, marking a brutal 12% spike from 2024 that's making wallets everywhere file their own insurance claims.
The Mathematics of Misery
Here's where things get mathematically masochistic. Repair costs climbed 3.7% in early 2024, which sounds modest until you realize insurance companies treat every percentage point like a personal attack on their profit margins. More vehicles are getting totaled instead of fixed, because ap...
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