Auto Insurance Rates in 2023-24: Trends and Tips for Saving Money
Auto Insurance Rates in 2023-24: Trends and Tips for Saving Money Auto insurance rates are a significant expense for drivers, and they can vary widely depending on factors such as the driver's age, driving record, and the type of car they drive. As we head into 2023-24, there are several trends in the auto insurance industry that could impact rates and potentially help drivers save money. In this article, we will explore these trends and provide tips for finding the best auto insurance rates in 2023-24. Increased Use of Telematics Telematics refers to the use of technology to monitor driving behavior. Many insurance companies are now offering telematics-based insurance policies, which use data from a device installed in the car to determine the driver's risk level. The device collects data on things like speed, braking, acceleration, and time of day the vehicle is being used. Drivers who demonstrate safe driving habits are often rewarded with lower rates. In 2023-24, we can