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Image source: Upsplash/The Motley Fool. Anyone who feels as if car insurance premiums have gotten way too expensive in the past few years is not hallucinating. Between February 2023 and February ...
Used car prices fell by 10.9% over the past year, marking the third-largest drop in prices across all goods and categories that the CPI tracks. Rental and new cars also got cheaper, with prices ...
In the CPI calculation, auto insurance has a weighting of nearly 3%, so it’s a significant component. The recent trends probably do not “mean that your premium will fall, but we think the rate ...
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Car insurance prices soared to a 47-year high in December, jumping by 20.3% from a year earlier, according to Bureau of Labor Statistics inflation data. This was the 16th straight month of annual ...
In 2024 Sentry Insurance announced that it would acquire The General from American Family Insurance for $1.7 Billion, and the acquisition finalized on January 1, 2025. [ 2 ] The General specializes in insuring drivers who are considered "high risk" whose car insurance premiums are typically more expensive. [ 3 ]
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