If You Thought The Worst of Inflation Was Over, Check Out Your Insurance Bill

Key Takeaways

  • Premiums have soared for home and auto insurance policies, as companies pass higher costs on to their customers.
  • The rate increases are an echo of last year’s hot inflation, which pushed up prices for homes, cars, and repairs.
  • Insurance companies have been slow to raise rates because they typically need approval from state regulators to hike premiums.
  • Double-digit increases to car and home insurance can add hundreds to monthly bills.

Call it delayed-reaction inflation.


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