Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto renewal insurance rates set to rise sharply.
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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.
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Rising home and auto insurance rates are weighing on Americans as the prices for both will have their biggest spikes in over five years.