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New and used car prices have fallen, but car insurance costs have skyrocketed.<\/li>\n
The increases are being blamed on a variety of factors including complicated repairs, expensive components, and supply chain issues.<\/li>\n
A study suggests the average cost of full coverage jumped 24% last year.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
If your insurance rates have been climbing, you’re not alone as the U.S. Bureau of Labor Statistics revealed the Consumer Price Index rose 0.4% last month. Drivers were hit particularly hard as there were increases in the indexes for gasoline and motor vehicle insurance<\/a>.<\/p>\n
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