Car insurance rates continue to climb as inflation, changing driver habits, labor shortages and issues with the supply chain all influence premiums. A report by S&P Global found that the 10 largest insurers in the nation hiked their premiums by nearly 9% year over year in 2023. It is predicted that car insurance rates will continue to rise.
A rate increase can be an unwelcome surprise, particularly if you are already struggling to cover the cost of your car insurance. Learn why car insurance costs are increasing, what you can do to prepare for a rate increase and how to keep your car insurance affordable by reading my newest story for Carinsurance.com, available
here.
