Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago.
As my colleague Bob Kuttner has explained, yesterday’s inflation print was actually a tale of two readings. The overall figures showed only slight moderation in the rise in prices and a topline number that remains above the 2 percent target set by the Federal Reserve. But if you dig into the data, you can clearly see that a few sets of prices are really driving the lion’s share of the price acceleration, while most of the others are subdued. For example, food prices, which once had soared, have essentially been flat for the past few months, ...
Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto renewal insurance rates set to rise sharply.
What to know first ; 18-year-old drivers on their own policy pay the highest car insurance premiums out of the age groups Bankrate analyzed. ; The most significant difference in premiums by gender occurs at age 18. On average, 18-year-old males cost 15 percent more to insure than their female counterparts. ; As drivers age, the difference in premium between genders narrows. At age 50, for instance, males only pay $8 more on average per year for full coverage than 50-year-old females.
NerdWallet’s guide on how to compare car insurance rates from insurers like Geico, Progressive and State Farm, plus regional car insurance companies.
longer' auto rate environment,” CFRA analyst Cathy Seifert told Yahoo Finance. Not surprisingly, severe accidents leave insurance companies with rising loss ratios, or a share of premiums...
The provincial government's cap on auto insurance rates for Albertans deemed good drivers was touted as a short-term affordability measure. But some Alberta drivers have noticed that the cap isn’t...
Ontarians pay the second highest auto insurance premiums in Canada, according to data from... all rate increases for 18 months. The party says it would use that time to have a commission...
Best for most drivers · Geico ; Best for discounts ; Best for military service members, veterans and their families ; Best for AARP members
Car insurance rates are rising. How much more can you expect to pay?