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Why Is Car Insurance So Expensive? Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?
Car insurance rates have gone up over 17% in the past year, according to the U.S. Bureau of Labor Statistics. Key factors are inflation, supply shortages, climate change and reinsurance rates.
You're not imagining it - commercials for car insurance, many of them featuring the aforementioned Flo or the Gecko, have overrun TV. Why the tsunami?
The cost of car insurance has surged by more than 50 percent since the beginning of 2021, before inflation started the vertiginous climb that led to the peaks reached in summer 2022.
Find out what's making car insurance so expensive. And, once you know why car insurance is so high, you'll be better able to find ways to keep costs down.
Why did auto insurance rates increase? BOSTON - Car and auto insurance bills are going up across Massachusetts and the country and they're a lot higher than some drivers expected. Tom Skelly, vice ...
Consumer Reports has released its latest rankings of car insurance companies, which put USAA, NJM, Amica and Erie at the top of the list of 36 brands.
EV car insurance: is it more expensive? While EVs are insured the same way as gas-powered cars, you may pay more for a policy.
Economists are busy hunting for signs of tariff-induced price hikes in the monthly inflation data. They may be overlooking some good news, which is that a surge in the cost of car insurance is ...