After years of steep premium increases, 2025 is shaping up to be a turning point; rate hikes are finally slowing, and drivers are responding. Shopping and policy switching hit record levels in 2024 ...

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian‘s State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If you’re ...

Car insurance costs are already climbing, and newly proposed tariffs on imported auto parts could push rates even higher. It’s a straight line: The U.S. has imposed a 25% tariff on assembled vehicles ...

The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. As in 2022, this increase was broadly based, impacting all U.S.

While the majority of drivers still finance their vehicle with a loan, a share of drivers in the U.S. choose to lease. Leasing can have a few advantages over buying, such as more manageable payments ...