Why Insurance Rates are on the Rise Again

Car insurance premiums have surged by 22.2% over the past year, according to March’s Consumer Price Index figures from the Bureau of Labor Statistics, far outpacing the current inflation rate of 3.5%. Over the same 12-month period, car repair costs increased 11.6%, with maintenance and repair costs up 8.2%.Show more

Premium costs are accelerating, with March’s 2.6% month-over-month jump in car insurance costs almost three times the size of February’s 0.9% rise, and 12-month increases exceeding 20% over the past four months–the largest increases since the 1970s.

Thanks for watching!

** Go to our partner https://trymintmobile.com/laurenfix to get premium wireless for as low as $15 a month. Special offer: New customers can get any plan for $15/month. New activation and upfront payment of $45 for 3 mo. service required. Taxes & fees extra. Unlimited plans using more than 40GB/mo. will experience lower speeds with video streams at ~480p. Restrictions apply. See trymintmobile.com for more details. **

➡️ Looking for more automotive news? Go to our second channel: https://youtube.com/@car-smarts

➡️ Buy me a cup of coffee: https://www.buymeacoffee.com/laurenfix

➡️ Listen to the Total Car Score Podcast with Lauren Fix, Karl Brauer, and Javier Mota on all platforms: https://www.revolverpodcasts.com/shows/total-car-score/

➡️ Social media:
Twitter or X: https://twitter.com/laurenfix
FB: https://www.facebook.com/Lauren.Fix.The.Car.Coach
Instagram: https://www.instagram.com/laurenfix/
Gettr: https://gettr.com/user/laurenfix
Rumble: https://rumble.com/c/c-625957
Gab: https://gab.com/LaurenFix
Truth Social: https://truthsocial.com/@laurenfix
Substack: https://carcoachreports.substack.com/

➡️ Check out our website for more content in English and Spanish: https://www.CarCoachReports.com

➡️ Free Monthly Newsletter - Auto News, Car Reviews & Saving Secrets: https://carcoachreports.com

➡️ Get My Book: Lauren Fix's Guide to Loving Your Car: https://amzn.to/3ifDi3j

SUPPORT INDEPENDENT CREATORS
The Fix Family has taken generations of passion, pride, & automotive expertise to create unique auto products & books that will keep you, your family, & your cars safer and running better for years to come.

Music License: Epidemic Sound
©Automotive Aspects, Inc., 2024. All Rights Reserved.