Press Releases from carefulcents (1 total)
Auto Insurance Costs Grow Twice as Large as the Inflation Rate
Studies show that auto insurance rates have increased dramatically in the past few months. In fact, the rate of growth has even surpassed the rate of inflation by twice the percentage. The reasons attributed to this increase include heightened losses and reduced underwriting profits for auto insurers. However, it is the consumer that has to pay up for these reducing margins.
Just last year, the national average auto insurance rate in…
