Current location:business >>
Surging auto insurance rates squeeze drivers, fuel inflation
business73273People 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.“Culture Cross news portal”。http://www.chennaidetectives.net/regal-f%C3%BCr-wand.html
Related articles
Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
businessPHOENIX (AP) — Authorities revealed Friday the charges filed against an ex-aide of former President ...
【business】
Read more'Forget the Algarve!' Travel experts reveal breathtaking lesser
businessLooking to escape the madding crowds and find a quieter, more relaxing - and more photogenic - UK be ...
【business】
Read moreUnited Airlines flight is forced to DIVERT after a dog POOPED in first class aisle
businessDelayed flights are one of the most irritating parts of flying, but a fight being diverted due to a ...
【business】
Read more
Popular articles
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
- 'Sorry, you can't board, off you pop': Traveller reveals how he was caught out by a post
- Dividend hero SAINT's manager on the best shares for income and growth
- Why Jimmy Mitchell's happy snap of his family boarding a plane saw him booted from a Jetstar flight
- Oceanside Pier in San Diego is consumed by huge fire, forcing visitors to evacuate 1954
- Brutalist
Latest articles
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Best stocks & shares Isas: Pick the right investment account
Dividend hero SAINT's manager on the best shares for income and growth
Exquisite suites and unrivalled experiences
Help is coming for a Jersey Shore town that's losing the man
After Berlin, Zelensky signs French security pact amid Navalny shock
LINKS
- The Civil War raged and fortune
- New Godzilla x Kong film continues to lead China box office
- Chinese online literature starts new chapter overseas
- Pic story of cultural relics guardian at Faxing Temple in N China
- Moment Meghan Markle asks woman not to pose next to Prince Harry for Polo prizegiving photo
- LeBron James becomes first player to score 40000 points
- Blinken assures US support of Black Sea allies as Ukraine urges military aid during conference
- Tourists visit Yuanmingyuan Park in Beijing
- French bid to host 2030 Winter Olympics talks with Italy, Netherlands to stage speed skating
- Warships engage in comprehensive training