ricans may be in for insurance sticker shock in 2023 – insurers are expected to raise car insurance premiums by an average of 8.4% in 2023 after a slight 0.6% increase in 2022 according to ValuePenguin’s State of Auto Insurance in 2023 report. The average cost of auto insurance is expected to reach $1,780 per year annually, and 45 states will see their car insurance premiums increase in 2023
