Car insurance rates skyrocket more than 20% over 2023

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According to experts, some increases are the result of people's driving habits being tracked.

According to the United States Department of Labor, rates are up 20.6% over last year. When compared to 2021, they're up over 50%.

“Our latest data says that Californians pay about 20.7% more than the national average, said David Straughan, the senior automotive journalist for consumer site, Market Watch Guides.Among them, cars are more expensive, that includes for repairs on those that have advanced technology and intricate parts.

Other experts have reported people's rates going up based on their driving habits being tracked and then sold to insurance companies through internet-connected vehicles.

 

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