Costlier vehicles and repairs are pushing premiums higher even as the increase in U.S. consumer prices is tapering overall.
Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour.
One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example.
Motor vehicle insurance rose 1.4 percent on…
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