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Illinois Insurance Premiums Likely to Jump 10% More This Year Making It a 31% Hike for 2024

by Just The News
September 15, 2024
in Aggregated, News
Illinois insurance premiums likely to jump 10% more this year making it a 31% hike for 2024

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Vehicle owners in Illinois can expect to pay even more for insurance before the end of this year.

An insurance quotes comparison platform released a report that projects a total increase of 31% in auto insurance premiums in Illinois this year.



Chase Gardner is the data insights manager for Insurify.

“In Illinois, we’ve seen rates go up already 21% this year through August. The average cost of a policy for full coverage just broke $2,000 a year there,” Gardner said.

Gardner said that Insurify estimates that rates will rise another 10% before Jan. 1, 2025. […]

— Read More: justthenews.com

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