Car insurance rates are on the rise
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If your car insurance bill keeps going up, you aren't alone.
Why it matters: Rising insurance costs and other car-related expenses are creating an affordability crisis with little room to maneuver.
Driving the news: The average annual cost of full auto coverage increased 20% in Georgia from 2023 to 2024, higher than the nationwide percentage of 15%, per a new report from Insurify.
- Sure, that feels steep, but states like Minnesota (58%), Maryland (53%) and California (48%) saw much higher spikes.
Zoom in: Georgians paid an average of $2,815 annually in 2024, which is also higher than the national average of $2,313.
What's next: Rates are expected to keep rising.
- Insurify projects Georgia drivers will pay an average of $3,052 in 2025, or 8% more than last year.
💠Kristal's thought bubble: When I got my own car insurance, I remember hearing that my rates start to would drop when I turn 25 and continue to fall as I got older. Fifteen years later, I'm still waiting for that to happen.