Car Insurance Is Going to Cost a Lot More in 2023: Report

From new car prices to gas prices, getting on the open road has become increasingly expensive (along with everything else.) The same goes for car insurance rates, which are expected to rise 8.4 percent in 2023.

That’s according to LendingTree’s research arm, ValuePenguin, which combed through 3.6 million auto insurance quotes in over 41,000 zip codes. It found that the average cost of a full year of car insurance in the U.S. comes to about $1,780 for 2023.

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The states that will see the biggest jumps are Illinois, Arizona, Georgia and New Hampshire—all of which see percentage increases in the teens. Every state saw an increase of at least one percent, however. California, D.C., Hawaii, Vermont and Wyoming get away with the lowest rate hikes. Vermont is the cheapest place to insure a vehicle at $1,104.