Car Insurance Rates Have The Economy’s Highest Inflation

Inflation is cooling for most items in the economy, but auto insurance continues to be an exception to the trend. New data suggests that hikes in car premiums continue to outstrip those of the economy as a whole, and the gap may even be widening.

In a new survey by Experian of over 1,000 car owners, more than half (52%) of respondents reported their car insurance premiums had increased in the past six months. And the hikes were likely to be substantial, according to the latest…