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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 ...
According to Wednesday's CPI reading, the cost of car insurance is up 22.6% during the past year, the biggest jump by far across the 28 major spending categories Yahoo Finance has been tracking ...
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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