Sign in
Stories
Rising Auto Insurance Fuels Inflation
Share
Soaring Car Insurance Premiums
Australia's Inflation Below Forecast
Auto Insurance Costs Driving Inflation
Auto Market Sees Price-Insurance Shift
Overview
API
Auto insurance costs are spiking, driving a 2.7% monthly and 22.2% yearly increase, fueling inflation. Factors like pricey vehicles, supply chain disruptions, and advanced technologies contribute to the surge. Insurers are adapting rates based on loss trends, while usage-based insurance gains traction for personalized policies.
Ask a question
How could the inflationary pressure caused by soaring insurance costs ripple through the broader economy?
How might the increasing insurance costs impact consumer spending habits?
What strategies can drivers adopt to mitigate the rising insurance expenses?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jan 2024
Feb 2024
Mar 2024
Coverage