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@ Layer3.news
2025-02-24 08:26:16
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THESE ARE THE REASONS WHY CAR INSURANCE PREMIUM INCREASES MAY DECREASE IN 2025.
https://resizer.glanacion.com/resizer/v2/AFWL6XJ5BJAD3NWI4PBVHC5Z6M.jpg?auth=5397205f50a9803522927a3ca506d6b565f916ec8f66f054c23d0e3a7b32c7fb&smart=true&width=2000&height=1333
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✍️ The US auto insurance market is expected to experience a moderation in rate increases in 2025, with premiums rising around 7.5% compared to 16.5% in 2024.
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👉 Premiums are expected to rise around 7.5% in 2025, compared to 16.5% in 2024
👉 Average annual premium for comprehensive coverage expected to reach $2101
👉 Cost of repairs and replacements expected to stabilize
👉 Drivers with traffic violations will see an average increase of 53% in their premiums
👉 Electric vehicles expected to offer cheaper insurance options from traditional manufacturers
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#DivyaSangameshwar #UnitedStates #NuevaJersey #Washington #California #Nevada #Florida #Michigan #CarolinadelNorte #business
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