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Tuesday, August 20, 2024

Brace for impact, California drivers! Car insurance rates set to skyrocket. Here's why.

Auto insurance has been skyrocketing across the country, and California drivers need to brace for an even bigger jump by the end of the year, according to an online insurance broker.

Insurify, which offers auto, home and other insurance products online, has released a study that finds the average automobile insurance rate nationwide has increased 15% in the first half of the year and predicts rates will continue to climb, reaching 22% by the end of this year.

It only gets worse for California drivers. Insurify's study expects rates in the Golden State to jump by 54%, more than double the national average.
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