Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour. One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example.
Tag: high auto premiums
Auto Insurance Rates in 2024 Jump 26% Across the U.S., Report Says
Motorists across the country are feeling the pinch as car insurance premiums continue to rise, according to a new report.
‘Remarkable’ Surge in Auto Insurance Costs Fans U.S. Inflation
Motor vehicle insurance premiums skyrocketed by 20.3% in December from a year earlier, the largest increase since the mid-1970s, the government data showed.