Car insurance rates don’t just rise on their own. Insurers have to ask states for permission to increase rates. And some states approve those requests more frequently than others.
Regulators in Nevada, Washington, and New York approved the largest total amount of auto insurance rate increases over the last two years, according to S&P Global’s U.S. Auto Insurance Market Report. In Nevada, that added up to 45.7% in total approved rate increases since the start of 2023.
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