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Auto Insurance Prices Have Gone Nuts
An anonymous reader shares a report: It's getting to be a bit much. Auto insurance prices have surged over the last couple years. March consumer inflation out Wednesday shows them up 22% compared to last year. Since the end of 2019 -- just before Covid hit -- they're up 45%. Why? That's where thin...
March consumer inflation out Wednesday shows them up 22% compared to last year. In a prophylactic press release released Wednesday morning, an insurance industry trade group cited "greatly increased the cost of repairing and replacing cars" due to inflation. Even before the pandemic, Americans were awful drivers compared to other high income countries, with auto death rates the highest among peer nations.
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