Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why You Pay More for the Same Car Insurance Policy
Episode 105 of Inflation Explained with Fexingo: Car insurance premiums have jumped 22% in the past year, far outpacing headline CPI. Lucas and Luna break down why your auto policy costs more even if you haven't had an accident. They explore how repair costs, supply chain snarls for parts, and a surge in distracted driving claims are pushing rates higher. The hosts also tie in the latest labor market data — with job creation slowing to just 57,000 in June and labor force participation at a 50-year low outside Covid — to explain why insurers are hiking premiums on everyone, not just risky…
The skinny
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