Current location:politics >>
Surging auto insurance rates squeeze drivers, fuel inflation
politics975People have gathered around
IntroductionNEW YORK (AP) — Relentlessly rising auto insurance rates are squeezing car owners and stoking inflat ...
NEW YORK (AP) — Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation.
Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly.
But auto insurance and car ownership costs have become a sticking point for consumers and the Federal Reserve in its battle to rein inflation back to its goal of 2%.
Typically, individuals would see a noticeable increase in their premiums because of speeding tickets and other moving violations. Adding new drivers or a general increase in claims in the area were other reasons.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Sphere news portal”。http://www.havadist.com/aile-hekimleri-saglik-bakaniyla-gorustu-h16030
Related articles
Zoe Ball announces death of her 'dear mama' Julia following short battle with pancreatic cancer
politicsZoe Ball has told fans she is 'bereft' following the death of her 'dear mama' Julia. The BBC Radio 2 ...
【politics】
Read moreXinjiang opens its first museum on Great Wall culture
politicsTourists view the model of a beacon tower at the Silk Road and Great Wall Culture Museum in Yuli Cou ...
【politics】
Read moreI visited a £400 wellness retreat in Wales to try the ancient Japanese art of forest bathing
politicsWalking barefoot down a muddy trail with a group of people I'd met the day before and attempting to ...
【politics】
Read more
Popular articles
- Arizona lands Oakland star forward Trey Townsend out of transfer portal
- Hong Kong loses 10,000 civil servants amid political crackdown — Radio Free Asia
- Upgraded farmhouses winning Jizhou more visits
- TOWIE's Kirk Norcross introduces glamorous new girlfriend Ashton
- Former Labour minister Frank Field dies from cancer aged 81: Tributes pour in for 'formidable' ex
- China's national political advisory body holds leadership meeting
Latest articles
The family of imprisoned Belarusian opposition figure hasn't heard from her for over 400 days
Upgraded farmhouses winning Jizhou more visits
Biden, Trump trade barbs during visits to swing state Georgia, U.S.
Online city tours entertain journalists home and abroad at Beijing 2022
Veteran DEA agent sentenced to 4 years for leaking intelligence in Miami bribery conspiracy
The 39th Harbin International Ice and Snow Festival is around the corner
LINKS
- Unprecedented wave of narco
- Shirtless James Argent displays his incredible 14
- Jeremy Clarkson leads emotional tributes as BBC Top Gear legend dies aged 80
- Spring outing popular among Chinese people: survey
- Caballero's tiebreaking double in the 10th lifts Rays past Yankees 2
- China promoting rapid development of commercial space industry: CNSA
- Zack Wheeler has no
- De La Cruz homers in the 9th inning as the Marlins beat the Cubs 3
- Gigi and Bella Hadid's Palestinian
- Zelensky, Stoltenberg agree to hold urgent meeting of Ukraine