The cost of living is rising, and the cost of driving is going up much faster than that, especially when it comes to car insurance premiums.
Key Takeaways
- Car insurance premiums have risen a staggering 19.1% over the last year, the largest increase since 1976 and far higher than the 3.7% overall inflation rate.
- Insurers say they’re passing rising costs to repair and replace vehicles on to consumers.
- New car prices have stopped skyrocketing, so future rate increases may be…
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