Are Soft-on-Crime Policies Jacking Up Car Insurance Premiums?
29th June 2024
That’s an increase from $127 a month in 2022 to $161 a month by the end of 2023.
The increase in insurance premiums far outpaces the overall average inflation rate of 12% over the same time period.
These price hikes strain the budgets of all American motorists, especially those who depend on their cars for work, grocery shopping, or picking up their kids from school.
Four main factors are driving up auto insurance rates: increasing vehicle thefts, soft-on-crime district attorneys, burdensome regulatory policies, and the broader impact of inflation on the car industry.