TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. If your car insurance rates skyrocketed this year, you’re not alone.

The cost of coverage increased 16.4% year over year in September, according to U.S.

Bureau of Labor Statistics data. Two big reasons are a rise in road accidents and cars that are pricier to repair. “What used to be a $500 fender bender is now tens of thousands of frame damage,” says Ezra Peterson, senior director of insurance for car ownership platform Way.

com . Peterson says features such as crumple zones protect drivers but can damage vehicles extensively, even in minor accidents. Other technologies like collision-avoidance systems and lane-assist steering are also expensive to repair and replace.

DON'T MISS: Important car insurance information you need to know: • Depending on where in the U.S. you live, car insurance may continue to climb in 2025 and beyond.

• Can you get car insurance for $100 a month? • Average car insurance rates by ZIP code, with calculator Carriers are being choosier about who they insure and how much they charge, says Colleen Parsons, a client advisor for World Insurance Associates in Rochester, New York. “We’ve had some insurers just completely pull out of the state here in New York,” she says. Related: How you can buy car insurance now Elsewhere in the U.

S., signs indicate a flattening of car insurance premiums in 2025. “For the f.