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no rhythm ? KNOW THIS. IF YOU'VE LOOKED OVER YOUR STATEMENTS RECENTLY, BUT THE COST OF CAR INSURANCE SKYROCKETED. 26 1% FROM LAST YEAR.

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CONSUMER INVESTIGATOR, RACHEL DE PAPA TALK TO BANKRATE ABOUT THE SPIKE AND HOW CONSUMERS CAN WORK TO DRIVE DOWN THE PRICE. AND THIS WATCHING YOUR WALLET.

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THE NATIONAL AVERAGE COST OF FULL COVERAGE. CAR INSURANCE IS NOW $2,543 A YEAR. AND THAT'S THE HIGHEST IT'S EVER BEEN. BANKRATE STUDY THIS ISSUE TO SEE WHO'S FEELING THE MOST PRESSURE OF THESE RISING INSURANCE COSTS. THE AVERAGE MEDIAN HOUSEHOLD NOW SPENDS ABOUT 3.4 1% OF ITS MONEY ON VEHICLE INSURANCE. SHANNON MARTIN WITH BANKRATE SAYS THERE ARE SEVERAL REASONS WHY CAR INSURANCE PRICES HAVE HAT. D WINDS TWENTY-TWENTY

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WE'RE SEEING AN TO INFLATION TO CAR PARTS HEALTH CARE SUPPLIES. THEN WE HAD A 10 OVER 10% INCREASE IN CAR CRASH. WE TOLD THESE EXTREME WEATHER. SO ALL THAT TOGETHER IN TURNS REACTIONARIES WHO ARE PAYING FOR WHAT HAPPENED A FEW YEARS AGO, BASICALLY, BANKRATE ALSO FOUND ADDING A TEEN DRIVER TO A POLICY CAN BE THE MOST EXPENSIVE, A LIFE EVENT FOR AUTO INSURANCE. CONSUMERS.

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NATIONALLY, IT ADDS ABOUT 2800 MORE THAN YOU WERE PAYING BEFORE FOR A TEEN DRIVER.

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BUT MARTIN SAYS THERE ARE SOME THINGS THAT YOU CAN DO TO TRY TO CUT DOWN COSTS SOUTH WITH OTHER INSURANCE CARRIERS TO WHAT THEY CAN OFFER. ALMOST EVERY INSURANCE COMPANY HAS INCREASED, AS YOU MIGHT NOT SEE THE SAME SAVINGS THAT YOU DID BEFORE.

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SO TAKE A LOOK AT YOUR DISCOUNTS TO THE DEFENSIVE DRIVING DISCOUNT IF THE PRICE IS JUST TOO MUCH. MARTIN SAYS YOU CAN ALSO SEE WHAT COVERAGES YOU DON'T NEED RIGHT NOW. SHE SAYS LOOK AT TOWING IN LOCKOUT AND RENTAL CARS. YOU COULD TEMPORARILY REMOVE THOSE COVERAGES FOR A FEW MONTHS JUST TO GET BY WITH THIS WATCHING YOUR WALLET. I'M RACHEL DE PAPA.

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THE IRS IS CRACKING DOWN ON HIGH INCOME EARNERS WHO HAVE NOT FILED INCOME TAXES IN THE PAST 6 YEARS THE IRS ANNOUNCED IT'S SENDING COMPLIANCE LETTERS TO MORE THAN 125,000 PEOPLE. SOME OF THEM MILLIONAIRES WHO DID NOT FILE FEDERAL TAX RETURNS SINCE 2017 AGENCY USED THIRD-PARTY INFORMATION LIKE W 2 10 99 FORMS TO IDENTIFY THE VIOLATORS FOR SEVERAL YEARS. THE IRS DID NOT HAVE THE MANPOWER TO PURSUE OFFENDERS, BUT THE AGENCY RECEIVED A BOOST IN RESOURCES FROM THE INFLATION REDUCTION ACT. TAX OFFICIALS SAY THOSE WHO RECEIVED LETTERS ARE URGED TO ACT QUICKLY TO AVOID ADDITIONAL PENALTIES AND FINES. SOME STICKER SHOCK FOR AIRLINE PASSENGERS. EXPERTS SAY PASSENGERS ARE SHELLING OUT MORE BUCKS TO CHECK THEIR BAGGAGE STARTING LATER THIS MONTH, UNITED AIRLINES WILL CHARGE PASSENGERS $18 TO CHECK ONE BACK FOR ROUND TRIP FLIGHT LAST WEEK. AMERICAN AIRLINES ROSE IT'S LUGGAGE FEES BY $5. JETBLUE AND ALASKA AIRLINES HAVE ALSO ANNOUNCED FEE INCREASES THIS YEAR. SOUTHWEST DOES NOT CHARGE FOR CHECKING BAGS AND DELTA DOES BUT HASN'T INCREASED ITS RATE SINCE 2018 BAGGAGE FEES ARE BIG BUSINESS FOR THE AIRLINES. THE TRANSPORTATION DEPARTMENT SAYS BAGGAGE FEES GENERATED NEARLY 7 BILLION DOLLARS FOR AIRLINES IN 2022. MEANWHILE, JETBLUE AIRWAYS PULLED OUT OF ITS DEAL TO PURCHASE SPIRIT. THE DECISION COMES IN THE WAKE OF