US auto insurance prices accelerate to 14.2% y/y gain, lag repair costs

12-01-2023

US auto insurance prices accelerate to 14.2% y/y gain, lag repair costs

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US motor insurance policy inflation rose for the ninth straight month in December, showing policy costs up 14.2% year on year for consumers, still behind the inflation rate on at least one key element of the automotive claims cost basket.  


Insurance, Automotive, Insurance Rates, Inflation, Bureau of Labor Statistics, US

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