In 2024, many drivers reported that their auto insurance rates rose significantly more than the rate hikes announced by auto insurers, says Divya Sangameshwar, an insurance expert at ValuePenguin.com.

The Federal Open Market Committee (FOMC) sets the benchmark rate, which impacts the rates auto lenders set. When the federal funds rate fluctuates, so will the cost to finance a vehicle.

AUSTIN (KXAN) — Commercial auto insurance rates rose for the second year in a row, new data shows. This comes despite a 2021 state law’s goal of bringing down costs by making it harder to sue ...

which is to allow ratepayers to buy auto insurance online. MPI was also ordered to provide a final budget for the project and present it to the PUB during next year’s rate application.

Auto and homeowners insurance rates have surged this year. For motor vehicle insurance alone, we've seen an average premium increase of 12.7% from 2023 to 2024, according to the November Consumer ...

And smaller regional companies, like Erie and NJM, tend to have more affordable rates. One DUI can raise your auto insurance rates by nearly $149 per month for a full coverage policy. That's an ...

According to Cox Automotive, the average auto loan rate for new vehicles in early December was around 9%, while rates for used vehicles were nearly 14%. “As we head into 2025, average auto loan ...

Lenders are still in the process of adjusting their rate sheets, so the total damage could vary slightly by the time we're able to run the full numbers. Either way, the top tier conventional ...

Here’s what to watch for in five key areas of your financial life, as rates fall now. What’s happening now: Auto rates and car prices have been trending lower but they still remain elevated ...

While borrowers may be hoping that the Fed's latest move helps to lower mortgage rates, the Federal Reserve's 25 basis point rate cut is unlikely to lead to a dramatic drop. Here's why ...