Car Insurance Is Next Inflation Victim as Range Rovers, Hyundais Stolen

I’ve got bad news for those needing to insure a car in the coming months: You should expect to pay more because your insurer is probably losing money.

Inflation has dramatically pushed up the cost of accident and theft claims, sticking insurers on both sides of the Atlantic with big underwriting losses – in other words, the premiums they collect aren’t sufficient to cover payouts and other expenses.