Car insurance policies are essential for driving. The great thing is that they offer coverage for your vehicle in the case of car wrecks. However, the downside is that car insurance rates have drastically increased over the last few years and are expected to continue this trend. Naturally, drivers in some states will have it worse than others when it comes to the price of coverage. 

Car insurance policies in these three states might skyrocket this year

Experts believe that prices for car insurance rates will rise by an average of 22% by the end of 2024. This is happening for several reasons, none of which make paying higher prices for coverage easier for hard-working drivers. This change would mean the average yearly policy would reach an average of $2,469 if predictions are correct. 

Naturally, car insurance policies in some states cost more than they do in others. However, according to CBS News, three states could see rates rise by more than 50%. For various reasons, drivers in California could see their rates increase by about 54%. People in Missouri may pay about 55% more than they currently do. However, things are even worse for people who own cars in Minnesota, as rates may increase by about 64%. 

Of course, these price increases for car insurance are due to inflation, companies needing to compensate for revenue losses from the pandemic, and the shortage of auto mechanics. However, weather, crime, and natural disasters also play a part. 

For more reading, check out our article on why car insurance policies continue to become more expensive.