Credit: PhotoSpirit/Adobe Stock Drivers pay 20.3% more in 2024 to insure their vehicles. (Credit: PhotoSpirit/Adobe Stock)

The 20.3% surge in motor vehicle insurance since 2023 is the highest inflation increase for any major industry category over that time, according to Joey Von Nessen, a research economist at the University of South Carolina's Darla Moore School of Business.

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Joe Toppe

Joe Toppe serves as managing editor of Joe is also a father of three, an author, and longtime lover of baseball.