Auto insurance rates to rise in 2024 over record thefts, higher replacement costs car parts

Auto insurance rates to rise in 2024 over record thefts, higher replacement costs car parts

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Drivers may experience larger increases to their insurance premiums in 2024 as record levels of auto theft, persistent inflation and the increasing cost of replacing tech-heavy car parts take a toll. Daniel Ivans, an insurance expert at Ratesdotca, said the Financial Services Regulatory Authority…

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