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USAFacts
USAFacts
National

EXPLAINED: Why are car insurance rates increasing | Vintage Vibes

Motor vehicle insurance covering damage, liability, and other risks is required for all drivers, across the US, with a few exceptions.[1]

Costs for this driver necessity been climbing since 2020, in part due to inflation driving up repair and part costs; between June 2023 and 2024, the price of personal motor vehicle insurance rose 19.5%.

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