California auto insurance costs set to rise by 54%, new report says

LOS ANGELES -- By the extremity of the year, the emblematic car security argumentation successful California volition reportedly beryllium 54% much costly than past year.

According to a caller study published by insurance tracker Insurify, the outgo of afloat sum crossed the U.S. accrued by 28% betwixt June 2023 and June 2024 - but immoderate states, including California, are seeing year-over-year complaint hikes of much than 50%.

Here are immoderate cardinal details:

Avg. yearly outgo of afloat sum (June 2023): $1,666
Avg. yearly outgo of afloat sum (June 2024): $2,417
Year-over-year increase: 45%
Projected yearly outgo of afloat sum (end of 2024): $2,681

The leap is owed to expanding claims, tempest damages, and costly repairs.

To work the afloat report, click here.