Why are auto insurance rates rising?
Introduction Auto insurance premiums have surged significantly in recent years—up over 33% from 2021 to 2024, with a further ~7% increase projected for 2025 . Drivers across the U.S. are feeling the financial squeeze. What’s behind this steep climb? 1. Inflation and Rising Repair Costs Inflation’s impact on vehicle parts and labor: The cost of repairs, … Read more