What’s behind the rapid increase in car insurance rates

  • Home
  • Insurance
  • What’s behind the rapid increase in car insurance rates

(CNN) – A lot has changed since Gerald Ford was president and Steve Jobs and Steve Wozniak founded Apple. But here’s something that hasn’t changed much: the pace at which car insurance rates are rising.

Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an annual basis was in 1976, not counting January, which saw the same annual rate increases….

Continue reading this news update.

Comments are closed