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“The rate of full coverage car insurance increased 26 percent from 2023, and while we hope to see rates stabilize soon, that likely won't happen until at least 2025”

– Shannon Martin

National Average Cost for Car Insurance Skyrockets 26% From Last Year, Averaging $2,543

Despite a slowdown in inflation across various sectors, car insurance costs are skyrocketing in 2024, according to Bankrate’s annual True Cost of Auto Insurance Report.
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National average banking rates

1 Year CD 1.72%
3 Year CD 1.39%
5 Year CD 1.40%
Savings Account 0.58%

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