"Increasingly severe and frequent weather events are driving up auto insurance premiums," Insurify said in its report. "Hail-related auto claims represented 11.8% of all comprehensive claims in 2023, up from 9% in 2020, according to CCC Intelligent Solutions."
According to a new report from Insurify, a company that provides data about auto insurance rates, the typical U.S. insurance policy will jump 22% this year to an average annual premium of $2,469 by year-end, the report found. That comes after drivers saw their policies jump 24% in 2023, it noted.
The three states where insurance rates could jump by more than 50% this year are California, Minnesota and Missouri.
According to a new report from Insurify, a company that provides data about auto insurance rates, the typical U.S. insurance policy will jump 22% this year to an average annual premium of $2,469 by year-end, the report found. That comes after drivers saw their policies jump 24% in 2023, it noted.
The three states where insurance rates could jump by more than 50% this year are California, Minnesota and Missouri.
