How to Cut Your Auto Insurance Bills This Year

The average price of car insurance spiked more than 20 percent over the 12 months ending in February 2024 and more than 38 percent since 2020.

Premium increases may feel particularly painful, but you can take action to save money. Dreamstime/TCA

By David Rodeck From Kiplinger’s Personal Finance

Consumers have been battling higher prices everywhere, but rate hikes for automobile insurance have been especially nasty. Premiums have skyrocketed over the past couple of years.