The Auto Insurance Crisis: 2024 Updates Summary

Auto insurance premiums have sharply increased in 2024, with New York's average cost at $3,484 annually.
Rising repair costs, reckless driving, and post-pandemic accident surges are driving up insurance rates.
New York's new law enhances uninsured motorist coverage but raises premiums for consumers.
Premium inflation will likely continue, but telematics programs may offer discounts for safe drivers.
Strategies to lower premiums include raising deductibles, using telematics, bundling policies, and reviewing coverage.