LOS ANGELES (KABC) — By the top of the yr, the standard auto insurance coverage coverage in California will reportedly be 54% dearer than final yr.
Based on a brand new report revealed by insurance tracker Insurify, the price of full protection throughout the U.S. elevated by 28% between June 2023 and June 2024 – however some states, together with California, are seeing year-over-year price hikes of greater than 50%.
Listed below are some key particulars:
Avg. annual value of full protection (June 2023): $1,666
Avg. annual value of full protection (June 2024): $2,417
Yr-over-year enhance: 45%
Projected annual value of full protection (finish of 2024): $2,681
The leap is because of rising claims, storm damages, and dear repairs.
To learn the complete report, click here.
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