Auto insurance rates are increasing in 2022

Auto insurance rates are rarely, if ever, static; instead, rates fluctuate based on several factors and circumstances.

 Several major auto insurers, including Allstate, Progressive, Geico and State Farm, have rate increases

 S&P Global Market Intelligence reports that rate increases from the companies studied vary from around 3% to just under 12%.

Because car insurance is typically a required expense, premium increases can be surprising and financially challenging

Bankrate explains why rates are likely to increase for many drivers, shows you how to prepare for a potential rate hike and lays out strategies

According to Steve Ellis, an Assistant Vice President and Claims Field Manager at Liberty Mutual

Why are insurance rates increasing?
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