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Tag Archives: auto insurance premiums
Auto Insurance Claims Inflation Outpaces U.S. Consumer Price Index Inflation
Insurance claims inflation rose faster than the underlying consumer price index (CPI), greatly exceeding the rate of auto insurance premiums, according to a study released July 21, 2023, by the American Property Casualty Insurance Association (APCIA). The study, “Auto Insurance: … Continue reading
Posted in glassBYTEs Headlines, glassBYTEs Original Story Tagged American Property Casualty Insurance Association (APCIA), auto insurance premiums, better infrastructure, consumer price index (CPI), critical auto parts, fewer accidents, insurance claims inflation, lower claims, private passenger auto insurance, property casualty insurers’ premiums, Robert Passmore, safer roads, study, supply chains, U.S. Bureau of Labor Statistics, U.S. private passenger vehicle damage claim, underwriting, “Auto Insurance: The Uncertain Road Ahead”, “Motor Vehicle Insurance CPI” Leave a comment
Pandemic or Not, Expect Higher Car Insurance Rates This Year
Back in 2020 when the Coronavirus was still novel and both business closures and work/learn from home mandates suddenly became the norm, auto insurance companies doled out special rebates and discounts to reflect the fact that Americans were driving far … Continue reading
Posted in glassBYTEs Headlines Tagged auto insurance premiums, COVID-19 pandemic, mileage Leave a comment