What's behind the increase in car insurance rates
12:15
CNBCShawn Baldwin,Jeniece Pettitt
What's behind the increase in car insurance rates
Car insurance has gotten expensive. The average annual premium for full coverage car insurance in the U.S. rose 26% to $2,543 compared to last year, according to Bankrate. Fewer auto mechanics, a tighter supply of used vehicles and increased health care bills are fueling rising prices. As premiums have spiked so too have the number of uninsured ...
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