If you think the cost of a car has gotten expensive, wait until you go to insure it.
Auto insurance rates are up nearly 15% in some states over the past year, while nationwide premiums have risen more than $240 on average to $2,014 a year, according to comparison site Bankrate. And the increases aren’t over. U.S. rates are expected to rise by an additional 8.4% in 2023, which would outpace current inflation at 4.9%, and represent the largest increase in six years, according…
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