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Skyrocketing auto insurance
are fuelling inflationary
in the USA. Costs have been rising at their fastest ever
. Premiums jumped 2.6 per cent in March
, which means costs are a whopping 22.2 per cent higher than this time last year. The increases contributed to
rising by 0.4 per cent last month. No other category of spending has soared as much as auto insurance. Foxbusiness.com said the
cost of car insurance in the US has surpassed $2,300 per year, which amounts to about $192 a month. The rising prices are impacting the
paid most. Insurance is becoming more of a financial
for those struggling to make
meet in the cost of living
.
