"Rising Auto Insurance Costs: 5 Reasons and Solutions"

1 min read
Source: Bloomberg
"Rising Auto Insurance Costs: 5 Reasons and Solutions"
Photo: Bloomberg
TL;DR Summary

The cost of auto insurance in the US has risen over 22% in the past year, with a 43.7% increase since January 2020, largely due to the high-tech gadgetry and safety equipment now common in cars, driving up repair costs even for minor accidents and contributing to high inflation.

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