Many Americans saw their car insurance premiums increase in 2022 and some studies project the trend will continue into 2023. The forecasted rise in automotive insurance costs has a variety of potential causes. These include ongoing supply chain issues throughout the auto industry, a rise in demand...
Your rates are based in part on the claims your insurer has seen from other people who drive the same model as the car you’re insuring. Sports cars often have high insurance rates, for example, in part because insurers are more likely to pay out large claims from speeding drivers. Insur...
But less attention has been paid to the jump in price for a stiff expense that comes along with the vehicle: insurance. Car insurance rates have climbed 36% since January 2020, according to an ABC News analysis of consumer price data released by theBureau of Labor Statistics. Within the pas...
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That has made car insurance a prominent factor网页链接{preventing overall inflation from} cooling more quickly, which could force the Federal Reserve tokeepinterest rates higher for longer even as the prices for many otheressentialgoods and services have slowed. ...
"I can pay it, but being able to afford it while also affording the rising costs of everything else going on, I made an executive decision to let go of my car," the Massachusetts resident said. Mills isn't the only one feeling the pinch of car insurance payments. Not only has over...
Read the full-text online article and more details about "Why Your Insurance Costs So Much; Your Car's Value Drops Yet Your Insurance Rates Increase. Why?" - Cape Times (South Africa), October 29, 2009Cape Times (South Africa)
“demonstrate that you are able to provide sufficient funds” to cover the costs of an at-fault accident,according to NH.gov. Thankfully, very few people have opted for the twisted logic of saying they’re “too rich to pay for insurance” — New Hampshire has one of the lowest rates ...
Increasingly motorists are comparing car insurance to highway robbery. The average price of a new quote rose by nearly four times as much as inflation in the three years to June 2024. The government has pledged to tackle the problem. But are insurers really taking customers for a ride?
Insurance providers may need to foot the bill, even if an uninsured driver is found to be at fault in an accident. With one out of every seven drivers being uninsured, this costs companies a lot of money. If you are in an area that has seen an increase in the rate of uninsured ...