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.
In the US, auto insurance has emerged as a surprise force in preventing consumer prices from falling even further.
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.
State · Age · Gender · Company and coverage amount · Driving history · Vehicle type · Usage
Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Discover more about it here.
Auto insurance has among the highest inflation rates of any consumer good or service. Insurers have juiced premiums to compensate for losses.
Buying Home and Auto Insurance Is Becoming Impossible Huge losses from national disasters prompt industry to jack up prices and pull back from some markets; ‘worst possible scenario’...