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News@lemmy.world · 8 months ago

Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year

finance.yahoo.com

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Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year

finance.yahoo.com

return2ozma@lemmy.world to

News@lemmy.world · 8 months ago

Why auto insurance costs are rising at the fastest rate in 47 years

finance.yahoo.com

While car prices dip lower and gradually come back down to pre-pandemic levels, more Americans are still feeling the financial pinch from car ownership — because of insurance.

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Twentytwodividedby7@lemmy.world
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8 months ago
No, that’s not what is driving this at all. The replacement cost of a vehicle has increased significantly. That’s the root cause.

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