Latest / Inflation and Your Money with Fexingo: Protecting Purchasing Power and Beating Inflation
Why Your Car Insurance Premiums Are Rising Faster Than Inflation
Car insurance premiums are climbing at twice the rate of general inflation, driven by a perfect storm of rising repair costs and labor shortages. With core CPI holding near three point four percent, auto insurers are adjusting rates to cover the cost of complex vehicle technology and skilled technicians. Lucas and Luna break down why your deductible isn't the only thing shrinking in value, how supply chain bottlenecks for parts are squeezing your monthly bill, and what smart policyholders can do right now to protect their purchasing power against this silent wealth drain.
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The skinny
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