Why auto insurance costs are rising and what we can do about it
(April 11, 2024) CHICAGO — Across the country, auto insurance premiums are on the rise and many drivers are wondering why their rates have increased. The answer is for the simple reason that the cost of the things auto insurance pays for has been rising faster than premiums. This is exacerbated by inflation trends, legal system abuse, and in some states, regulatory uncertainty, according to the American Property Casualy Insurance Association.