Car insurance rates have soared and where you live matters

Between 2022 and 2023, car insurance rates increased by almost 14%, with the national average for comprehensive car insurance from $11,771 to $2014.

Despite this big increase, rates are expected to continue rising through 2023, even though the average American already pays almost 3% of their income on auto insurance alone. However, since auto insurance rates vary from state to state, how much you end up paying depends on where you live, for better or worse.

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