Four Ways to Save Money on Car Insurance as Rates Rise

Cost of insuring car jumped 8.3% in past year, projected to rise as much as 10% more in 2023, analysts say

Car insurance is getting more expensive and inflation is only partly to blame. Here are four moves to consider to save money.

The cost of insuring a car jumped 8.3% in the past year and is projected to rise as much as 10% more in 2023, analysts say.×300&w=336&h=300&ptt=12&iu=8722977299&adk=1573557893&output=html&bc=7&pv=1&wgl=1&asnt=0-32090056142261359117&dff=Arial%2C%20Helvetica%2C%20sans-serif&prev_fmts=1640×300%2C336x300&prev_slotnames=7050802972%2C3686273034&brdim=0%2C0%2C0%2C0%2C1680%2C0%2C1680%2C1002%2C1680%2C899&ifi=3&pfx=0&adf=3874834044&nhd=0&adx=960&ady=1541&oid=2&is_amp=5&amp_v=2210172057000&d_imp=1&c=183005154&ga_cid=amp-Zrx0OURE1D8YHtNBx3xN_g&ga_hid=5154&dt=1667241514006&biw=1680&bih=899&u_aw=1680&u_ah=1002&u_cd=24&u_w=1680&u_h=1050&u_tz=-300&u_his=3&vis=1&scr_x=0&scr_y=0&

Related Video: Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role ‘elasticity’ plays in a company’s decision on whether to raise prices. Photo illustration: Adele Morgan

BySept. 26, 2022 8:00 am ETDrivers who have been complaining aboutcan now shift gears and gripe about car-insurance rates instead.While the average cost of a gallon dropped about 26% since June, car-insurance premiums have risen8.3% on average compared with a year ago, according to S&P Global Market Intelligence.