5 Tips to Combat Rising Auto Insurance Rates - Yahoo Finance

Apr 3, 2024 · Yahoo Finance . Search query. Select edition. US English; US y LATAM Español; ... 5 Tips to Combat Rising Auto Insurance Rates. Dana George, The Motley Fool . Wed, Apr 3, 2024, 5:00 AM 4 min read.

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9 Ways To Save On Auto Insurance Premiums - Yahoo Finance

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Sep 11, 2024 · Similar to auto insurance rate hikes, the cost of vehicle maintenance and repairs rose more than 7% over the last year. That's thanks to more expensive cars and car parts, …

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Auto Insurance Premiums Surge: How To Save As Rates Continue To …

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7 hours ago · Auto insurance premiums have soared by 18.6% over the last year, according to a new report by the Consumer Federation of America (CFA). ... Despite the rising costs, there …

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6 Strategies To Help Mitigate Rising Car And Home Insurance Costs

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Sep 30, 2024 · The average annual rate for homeowners insurance increased by nearly 20% between 2021 and 2023, according to Insurify. Auto insurance premiums are up 16.5% in the …

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Surging Auto Insurance Rates Squeeze Drivers, Fuel Inflation

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Apr 24, 2024 · 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 …

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3 Ways Americans Are Coping With High Car Insurance Costs - MSN

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FAQs about 5 Tips to Combat Rising Auto Insurance Rates - Yahoo Finance Coupon?

How can I combat the rising cost of auto insurance?

Here are five tips to help you combat the rising cost of auto insurance. 1. Don't believe you're stuck with your current insurer No matter how much you might have liked your insurance company in the past or what you think of your agent, periodically checking around for better rates has practically become a necessity. ...

Are car insurance rates rising?

Even as inflation has eased, car insurance rates are rising by double digits. But drivers have some options for reining in premiums. According to the Bureau of Labor Statistics, auto insurance costs were 19.5 percent higher in June than a year earlier. ...

Why are auto insurance premiums increasing?

Auto insurance premiums are increasing as insurers adjust to this perfect storm of issues, including seven-figure settlements becoming more common and umbrella insurance costs rising. You might buy an umbrella policy with additional liability coverage to protect against lawsuits beyond your auto liability limit. ...

How can I reduce my car insurance premium?

If your car is an older model with a lower value, you could cut your premium by reducing collision coverage, which pays to fix or replace your car when it’s damaged in a crash with another car or an object like a fence, and comprehensive coverage, which covers the theft of your car and damage from things like branches falling on it. ...

Are price increases a good idea for insurance companies?

Price increases for insurance rates, like many other increases from food to clothing, have been sticky and are less likely to drop at the same rate as broader inflation, if at all. That has been beneficial for insurers who have seen profits surge. ...

Does a strong economy lead to higher car insurance rates?

“In general, a strong economy typically means more people on the road, which does lead to higher accidents,” says Scott Shapiro, global insurance lead at KPMG, a tax, audit and advisory firm. To make up the cash, auto insurers raised premiums. But even as inflation steadies, insurance companies may not be quite ready to stop increasing them. ...