WASHINGTON, DC (DC News Now) — A new report signals car insurance rates may rise in the DMV this year, as inflation rates ease and supply chain hurdles continue for manufacturers.
The State of Auto Insurance in 2023, published by LendingTree’s ValuePenguin, expects an 8.4% uptick for insurance rates nationwide.
According to the report, the price estimate for annual rates in Virginia is $1,416, a 12.6% increase from last year. Marylanders are estimated to pay…
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