Inflation Having an Impact on Vehicle Insurance Prices, Too
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Inflation has been taking a toll on many aspects of life in the US recently, with major car insurance companies also filing rate hikes this year.
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Car insurance premiums have already been rising from 5% to 15%, which is a rise of about $16.55 a year or $138 a month
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Now the largest auto insurers in the United States are adding to the problems by filing for rate increases in 2022
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The rate increases are likely to have a hard impact on any small business owners running fleets, or any number of vehicles really
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High Gas Prices a ‘Threat to Living Standards’
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As of March 2022, the average cost to fill a car gas tank reached $51.87. Filling a motorcycle tank now averages at $19.95, while the cost of filling the tank of a truck reached a massive $99.75
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Now insurance premiums are rising as well, vehicle owners are desperately looking for ways to reduce their costs.
Insurance premiums expected to rise in NH. Insurance is all about risk protection