Tag: traffic accidents

Car Insurance Costs Explode in 2024 with an Overall Jaw-Dropping 26% Hike

H. Cutner
rising car insurance costs

Car Insurance Premiums Surge in 2024 Car insurance premiums skyrocketed by an average of 26% in 2024, pushing the national average cost for full coverage to a staggering $2,543 per year. This marks a significant rise from $2,014 in 2023 and $1,771 in 2022. Several factors contribute to this surge: The Bureau of Labor Statistics notes that while overall annual inflation was 3.2%, car insurance rates spiked 20.6%. States differ in rate increases, with New Jersey and Missouri seeing hikes of 45.69% and 44.16%, respectively. Florida and California remain among…

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Will auto insurance rates rise because of cheaper prices at the pump?

G. Turner
gas prices at the pump auto insurance

Just as the cost of fueling up with gas goes down, the premiums for coverage might go up. As we watch the price of gas falling, it can be easy to think that we’ll be saving a lot of money, that is until the auto insurance premiums start to make their rise and find us spending in a new area. The price of gas is not directly related to the insurance rates that are charged, but it is indirectly connected. Although the price being advertised at gas stations does not…

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Allstate insurance ranks American cities for most and least likely to have an auto accident

Logan B.

Allstate Insurance has released its annual ranking of the best and the worst cities for traffic accidents… with Washington D.C. ranking as the city with the greatest likelihood of collisions, and Fort Collins, Colorado holding the distinction of having the lowest odds of a crash. In order to rank the cities, the insurer compared the frequency of auto collisions with the population of the city. This provided Allstate with the average driver’s odds of being in an accident. They also compared that likelihood with the average for the country. In…

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