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Average auto insurance costs jump 18% YoY

 Volvo is latest automaker to offer insurance

Auto insurance is taking up more of consumers’ income and could contribute to a decline in vehicle purchases. The average annual insurance premium nationwide rose 18% year over year to $2,567 in August, or about $213.92 a month, according to Aug. 26 data provided to Auto Finance News by The Zebra, an insurance comparison site. […]

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