Posted 3/12/2024, 9:30:42 AM
Inflation Driving Up Costs of Car, Medical, and Home Insurance
- Insurance costs rising for various reasons, adding to overall inflation
- Car, medical, and property insurance premiums increasing
- Replacement parts and vehicles becoming more expensive, pushing up car insurance rates
- Climate change leading companies to raise rates for home/tenant's insurance in some disaster-prone areas
- Medical insurance inflation higher partially due to insurance companies' increased earnings after paying benefits
