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Car insurance rates have continued to rise dramatically after the coronavirus pandemic, despite predictions from industry experts that the increase would have slowed down by 2024, data scientists said in a report.that Americans have paid 15 percent more in full-coverage premiums in the first half of this year compared to 2023 and that a total 22 percent increase is projected by the end of 2024.
The report attributes this to recent “legislative changes” that have increased insurers’ financial responsibility, “leading them to charge higher premiums.” “The provision allows policyholders to ‘stack’ the at-fault driver’s liability insurance with their personal uninsured or underinsured motorist coverage. Insurers account for this increased financial responsibility when setting rates,” Insurify explained.
There were 2.6 automotive technician jobs for every postsecondary technical program graduate by the end of 2023, according to the TechForce Foundation’s annual supply and demand
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