Car insurance premiums are up again nationwide and Fox Business says they could surge 22 percent by year’s end.
Wonderful. The cost of almost everything else is rising, so why not car insurance premiums?
Fox Business says, “A new report published by Insurify, an insurance comparison shopping site, shows the average U.S. rate for full auto insurance surged to $2,329 in the first half of 2024.”
The network says, “That marks a 15 percent increase from 2023 and a stunning 48 percent spike when compared with 2021.” Insurify believes the average cost of full coverage could reach $2,469 by the end of the calendar year.
MarketWatch.com says, “The average cost of full coverage car insurance in Massachusetts is about 21 percent more expensive than the national average.” That makes the Bay State the 10th most expensive auto insurance premium state in the country.
MarketWatch Names Cheapest Massachusetts Car Insurance Companies
Taylor Cormier / Townsquare Media
WalletHub says, “Car insurance in Massachusetts is expensive because it is a no-fault state with high car repair costs.” The site says, “In Massachusetts, you can expect to pay approximately $3,928 per year for full coverage car insurance or $1,263 per year for minimum coverage.”
WalletHub’s estimates are somewhat higher than those of some other websites.
MarketWatch says, “Car insurance in Massachusetts typically costs drivers $2,430 a year on average for a full coverage policy.” The site says, “This equates to an average of $202 per month, according to data from Quadrant Information Services.”
According to MarketWatch, “Geico, Farmers, The Hanover, Progressive, and Allstate are the cheapest car insurance companies in Massachusetts.”
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Publish date : 2024-08-14 17:11:00
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