The Best Why Are Car Insurance Rates Rising Ideas. With costs of healthcare on the rise, car insurance companies are struggling to keep up with the increasing costs of care. The average cost of car insurance in 2022 currently stands at $1,655 per year, according to bankrate.com, but rising inflation rate and an increased number of accidents on.
The rise in auto insurance rates has led to an increase in insurance costs. Texas saw rates decrease the most from 2018 to. Bigger government isn’t the answer to rising auto insurance rates.