TROY, Mich.: 11 June 2024 — With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-hi...
corporate price gouging. But the most eye-popping inflation at the moment is coming from an... Auto insurance is only about one-third of all the insurance carriers provide in addition to...
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.
While car prices are dipping lower and are gradually coming back down to pre-pandemic levels, more Americans are still feeling the financial pinch from car ownership — because of insurance.
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
Auto insurance has among the highest inflation rates of any consumer good or service. Insurers have juiced premiums to compensate for losses.
In the US, auto insurance has emerged as a surprise force in preventing consumer prices from falling even further.
Nearly one-third (31%) of U.S. auto insurance customers say they experienced a rate increase during the past year as the industry raises rates an average of 15.5% and insurers continue to fight the...
The Biden administration’s push for electric vehicles (EVs) is exacerbating the country's inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John Carney told Fo...
Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Discover more about it here.