U.S. Auto Insurance Rates Surge 15% in First Half of 2024

Americans face rising premiums due to increased repair costs, severe weather, and legislative changes.

Full-coverage premiums are projected to increase by 22% by the end of 2024.
Maryland has the highest rates, with drivers paying an average of $3,400 annually.
Natural disasters and a shortage of automotive technicians contribute to higher costs.
Recent legislative changes have increased insurers' financial responsibilities.
The average annual cost for full coverage is now $2,329, up from $2,018 in 2023.