Price of auto insurance jumps over 25% nationwide amid gas price surge: report
NEW YORK (PIX11) – The cost of auto insurance is on the rise as gas prices are starting to creep up again.
The average price of full-coverage auto insurance has jumped over 25% nationwide, according to a report from Bankrate.
New York state drivers already pay one of the highest premiums in the country.
Experts said car crash deaths, thefts, vehicle parts, labor costs and extreme weather claims have all contributed to the increase.
Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018. She joined PIX11 in 2023. See more of her work here.