Inflation Continues to Drive Up Consumers' Insurance Costs

The compound annual impact of increasing inflation ranges from 2.2 percent to 2.9 percent for commercial auto liability, which is higher than ...

How Inflation Impacts Your Insurance Costs (2024 Update)

1. Why are my insurance rates going up? Your insurance rates are increasing primarily due to inflation, which affects the cost of goods and services, including ...

Insurance Inflation: How & Why Rates Are Affected - C&S Insurance

As a result, insurers are raising rates to keep up with the increasing costs. What are Insurance Industry Averages in 2023? Inflation rates in the United States ...

Auto Insurance Inflation Is Set to Slow. Why Drivers Will Finally Get a ...

Auto-insurance inflation measured 16.3% year-over-year in September, according to the latest consumer-price-index report. That's down from a 16.5% rate in ...

Eggs, gasoline and car insurance: Where inflation has hit Americans ...

Several inflation measures are based on this price data, but the most widely cited is the Consumer Price Index for All Urban Consumers (CPI-U).

Commercial Auto Insurance Declines in Underwriting Profitability

“Increasing economic and social inflation continues to profoundly influence escalating insurance costs,” said Dale Porfilio, FCAS, MAAA, chief ...

Consumer prices moved higher in March. Auto insurance costs were ...

“Car insurance inflation is sticky, and while inflation has slowed down and supply chain issues are improving, the premium increases we are ...

Is social inflation to blame for your high insurance rates? - Bankrate

Changes in jury demographics · Evolving definition of what “liability” means · Increase in marketing to consumers · Increase in third-party ...

Restaurants, other services still in grip of high inflation

Home and car insurance inflation also remains stubbornly high. Household insurance premiums were up 10.1% from a year ago, while auto insurance ...

Inflation may be cooling, but car insurance rates are revving up ...

Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by ...

Surging auto insurance rates squeeze drivers, fuel inflation - AP News

Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up ...

More People Shop Around For Cheaper Auto Insurance As Inflation ...

Inflation has pushed up the cost of maintaining a car, causing auto insurance prices to increase by 19.5% over the past year. Many drivers have ...

Auto insurance, transportation costs continue to hike up inflation as ...

The US Department of Transportation reports that motor vehicle insurance has continued to contribute to inflation at 17.6% in August 2024.

Why car insurance costs are skyrocketing, leading to higher inflation

On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year ...

US CPI inflation overestimating auto insurance prices, explaining 1 ...

In March this year, official headline US motor vehicle consumer price index (CPI) inflation was reported to be 22.2%, its highest level since ...

How is inflation contributing to raising insurance costs? - Axxima

Inflation has a different impact on the insurance market, from raising premiums, to leaving certain businesses unknowingly underinsured.

Soaring insurance rates send more people shopping for deals - NPR

The average cost of car insurance has jumped more than 20% in the last year, according to government inflation data. Home insurance premiums are ...

How Inflation Will Impact Your Insurance In 2024

Rising costs of materials are predicted to particularly affect home insurance and auto insurance this year. Right now, car insurance prices are rising faster ...

Distracted driving, social inflation weigh on commercial auto insurance

Liability claims surge as premium increases fail to offset escalating losses.

Auto Insurance Rates Continue Climb Despite Inflation Slowing to 3 ...

In August, the total consumer price index only increased 2.5% compared to the same month a year ago, but auto insurance had risen 16.5% in ...