American motorists are spending less on fuel than a year ago, but any savings are likely being gobbled up by soaring car insurance premiums. Although prices at the pump in December were nearly 2% lower than a year ago, auto insurance rates jumped 20% over the same period, Labor Department...
. And more than half of Americans said they’ve noticed an increase in their own car insurance rate in the past year, according to a . If you’re like them, you’re probably wondering: “Why is my car insurance so high?” Unfortunately, there’s no single answer. Many factors influenc...
There are also factors that are out of your control. According to the National Highway Traffic Safety Administration, these are the factors as to why auto insurance premiums are on the rise. An increase in distracted driving accidents. Nine people die every day as a result of distracted drivin...
You may have noticed recently that your carinsurancepremiums have increased, just like the price of nearly everything else over the past few years. According to Bureau of Labor Statistics data, car insurance prices have soared 20% on average over the past year, much faster than inflation. Here...
Car insurance is a necessary expense for vehicle owners, providing financial protection in the event of accidents, theft, or damage to their vehicles. However, many car owners have noticed a frustrating trend – their car insurance rates seem to increase every six months, even when they haven’...
While you can’t personally do much to curb inflation, youcancontrol where your own premiums fall relative to other drivers. At least, to some extent. Below are the primary factors that can lead to high car insurance premiums. I’ve also included some tips on how to minimize your rates....
The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis, at a time when costs are already soaring.More NBC CT Responds Videos Slide 1 of 9 2:51 Now Playing Here's why Trump tarif...
If you need more flexibility, renewable and convertible term life insurance policies can help. A renewable term policy gives you the option to extend your coverage beyond the original term without the hassle of another medical exam. It’s important to note that your premiums do increase, however...
Driving fewer miles may also qualify for car insurance discounts. In addition, by increasing the deductible on the auto policy, or the amount you have to pay upfront in the event of a claim, you may lower the cost of your policy. Before you do that, be sure you have ample cash set...
Why do deductibles affect the demand for medical care more for mild illnesses than severe illnesses? Provide one reason why this worker would prefer to receive employer-sponsored insurance rather than the increase in wages. Why would we expect...