Surging auto insurance rates squeeze drivers, fuel inflation
Wed, Apr 24, 2024 5:28 PM

Surging auto insurance rates squeeze drivers, fuel inflation

A Flip by Avya Verma
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NEW YORK (AP) — Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation.Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increased

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