Courtesy of iii.org Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essential to opportunity in the United States. Cost of driving, therefore, isn’t a trivial issue. When you hear a stat like that, what’s your instinctive response? To blame “greedy insurers” who are making money hand over fist and still aren’t satisfied? It might be, if you don’t follow insurance profitability trends. If you do, you know they’ve been losing money on auto insurance for years, despite increasing rates. Rising rates have caused some to call for regulation to help make car insurance more affordable. Transportation is essential to opportunity in the United States, and most Americans rely on cars. Cost of driving, therefore, isn’t a trivial issue. But the authors of the paper – Cost Trends and Affordability of Automobile Insurance in the U.S. – found rate regulation …
Auto Insurance Rates Explained
Courtesy of iii.org Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essential to opportunity in the United States. Cost of driving, therefore, isn’t a trivial issue. When you hear a stat like that, what’s your instinctive response? To blame “greedy insurers” who are making money hand over fist and still aren’t satisfied? It might be, if you don’t follow insurance profitability trends. If you do, you know they’ve been losing money on auto insurance for years, despite increasing rates. Rising rates have caused some to call for regulation to help make car insurance more affordable. Transportation is essential to opportunity in the United States, and most Americans rely on cars. Cost of driving, therefore, isn’t a trivial issue. But the authors of the paper – Cost Trends and Affordability of Automobile Insurance in the U.S. – found rate regulation …
Explaining Car Insurance Rates
Courtesy of iii.org Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essential to opportunity in the United States. Cost of driving, therefore, isn’t a trivial issue. When you hear a stat like that, what’s your instinctive response? To blame “greedy insurers” who are making money hand over fist and still aren’t satisfied? It might be, if you don’t follow insurance profitability trends. If you do, you know they’ve been losing money on auto insurance for years, despite increasing rates. Rising rates have caused some to call for regulation to help make car insurance more affordable. Transportation is essential to opportunity in the United States, and most Americans rely on cars. Cost of driving, therefore, isn’t a trivial issue. But the authors of the paper – Cost Trends and Affordability of Automobile Insurance in the U.S. – found rate regulation …