Like everything else, auto insurance premiums are creeping up again. Many drivers are starting to feel the squeeze, even if they haven’t been in an accident or filed a claim. You might be wondering what’s behind the increase. Part of it comes from new state-level requirements and regulatory changes that insurers are forced to build into their pricing.
While these changes are happening across the United States, some states are seeing sharper increases than others. And for drivers on fixed incomes, these added costs can feel sudden and frustrating. In some cases, it might even feel impossible to cover. That said, here are six ways new insurance requirements are tacking on up to $500 a year in additional costs.
