gregory goubin’s Post

Why car insurance costs are skyrocketing and leading to higher inflation by On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by 2.6%, to push the year-over-year increase to 22.2%.

Why car insurance costs are skyrocketing and leading to higher inflation by On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by 2.6%, to push the year-over-year increase to 22.2%.

🚗 Did you know car insurance rates have surged nearly 21% over the past year? That's the biggest spike since 1976! 😱 Discover why repair costs and traffic accidents are driving up prices, and how it's impacting Americans nationwide. Read more here: https://lnkd.in/eB_bq3Uh #CarInsurance #Inflation #DrivingCosts 📈🚘

Why Car Insurance Rates Keep Going Up: Explained & Solutions Discover why car insurance rates continue to rise despite certain cost reductions like gas prices. Gain insight into the insurance industry's dynamics and find out how these escalating costs affect Americans. Explore potential solutions for income increase aligning with overall monthly expenses. #CarInsuranceRates #InsuranceIndustryInsights #CostOfLiving #PersonalFinanceTips #IncomeIncrease #MonthlyExpenses #InsuranceCosts #FinancialStruggles #FinancialPlanning #AmericanLifestyle

Why Did My Car Insurance Rates Increase by 40%? 💸 In this video, we explore the reasons behind the sudden spike in car insurance rates, analyzing the current market conditions and recent trends that have impacted premiums. Stay tuned to understand how these changes could affect your monthly expenses. #CarInsuranceRates #InsurancePremiums #MarketConditions #FinancialImpact #AutoInsurance #InsuranceTrends #RisingCosts #BudgetingTips #InsuranceMarket #PersonalFinance

Why Did My Car Insurance Rates Increase by 40%? 💸 In this video, we explore the reasons behind the sudden spike in car insurance rates, analyzing the current market conditions and recent trends that have impacted premiums. Stay tuned to understand how these changes could affect your monthly expenses. #CarInsuranceRates #InsurancePremiums #MarketConditions #FinancialImpact #AutoInsurance #InsuranceTrends #RisingCosts #BudgetingTips #InsuranceMarket #PersonalFinance

Why car insurance costs are skyrocketing and leading to higher inflation. Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. On a monthly basis, car insurance prices as part of the consumer price index rose by an unadjusted 2.7%, while the year-over-year increased by 22.2%, according to data released Wednesday. The index is a key inflation gauge and a broad measure of the cost of goods and... https://lnkd.in/dQrQtsfZ

The good news is that used car prices are falling significantly. The bad news is that auto insurance costs have surged by 18.8%. If you're selling your car right now, it's all bad news! #usedcars #autoinsurance #financialnews

If you’re feeling the squeeze of rising car insurance costs, you're not alone. Recent data reveals a staggering 20% increase in premiums in 2023 alone, making it the largest surge since 1976. From higher-priced vehicles to escalating repair bills, learn more about why why your premiums are skyrocketing: https://bit.ly/3wYj8HI #CarInsurance