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Soaring Car Insurance Premiums
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Auto Insurance Costs Driving Inflation
Auto Insurers' Challenges and Flo's Infl...
Auto Market Sees Price-Insurance Shift
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Car insurance premiums have surged, with the UK experiencing record highs and the US seeing a 38% increase in two years. The rise is attributed to factors like extreme weather events, inflation, and rising repair costs. Additionally, a growing number of people are opting for uninsured driving, contributing to the increase in premiums. Insurers are urged to remain competitive to help drivers save money during policy renewals.
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How might the increasing trend of uninsured driving affect road safety and insurance claims?
How might the surge in car insurance premiums impact consumer spending and economic stability?
What measures can policymakers take to address the rising costs of car insurance and alleviate the impact on drivers?
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