Reported about 19 hours ago
Car insurance costs, which have surged 60% over the past five years, are finally stabilizing. By 2025, the annual inflation rate for car insurance premiums has significantly dropped to 5.3%, down from a peak of 23% in April 2024. As insurers adjust their pricing strategies, premiums are set to rise only about 7.5%, indicating some relief for drivers amid previous financial strain caused by rising car ownership costs and other factors.
Source: YAHOO