"Rising Auto Insurance Costs: 5 Reasons and Solutions"
TL;DR
The cost of auto insurance in the US has risen over 22% in the past year, with a 43.7% increase since January 2020, largely due to the high-tech gadgetry and safety equipment now common in cars, driving up repair costs even for minor accidents and contributing to high inflation.
Topics:businessfinanceinsurance#auto-insurance#financeinsurance#high-tech-cars#inflation#repair-costs#safety-equipment
- Cheap Auto Insurance Is a Thing of the Past. Here Are Five Reasons Why Bloomberg
- Did your car insurance rate go up a lot even though you don’t drive much? CNN
- Auto insurance premiums are skyrocketing. What's to blame? Fox Business
- Why are auto insurance premiums so high? Blame inflation and a few other factors NBC News
- Soaring insurance costs hit as US buyers finally get a break on car prices Yahoo Finance
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