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Nobody has a crystal ball that can predict auto insurance rates. After all, few experts thought at the start of 2023 that we were set for a 50%-plus spike in just two years.
In the CPI calculation, auto insurance has a weighting of nearly 3%, so it’s a significant component. The recent trends probably do not “mean that your premium will fall, but we think the rate ...
So many factors are driving the price of auto insurance up these days. Higher new car prices and soaring repair costs are just two reasons many people have seen their rates increase 20% or more in ...
Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from ...
“Heading into 2024, we remain concerned about the future of the U.S. auto industry — in some ways, even more so than during the great financial crisis of 2008 and 2009 … as the auto industry ...
There's some bad news ahead for the nation's car owners, with a new report forecasting that auto insurance — one of the biggest drivers of inflation this year — will continue to rise in 2024 ...
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