A new report from Insurify predicts a significant surge in auto insurance premiums across the United States, with rates expected to climb an average of 22% nationwide in 2024. This increase comes as insurance companies cite rising costs and inflation as justification for the hikes, leaving many consumers bracing for higher bills.
The projected 22% increase represents a substantial burden for American drivers, many of whom are already grappling with elevated costs of living. Amy Bach, Executive Director of the consumer advocacy group United Policyholders, explains that insurance companies are leveraging the current economic climate to push for these increases. . .