Four Ways to Save Money on Car Insurance as Rates Rise
Cost of insuring car jumped 8.3% in past year, projected to rise as much as 10% more in 2023, analysts say
Car insurance is getting more expensive and inflation is only partly to blame. Here are four moves to consider to save money.
Related Video: Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role ‘elasticity’ plays in a company’s decision on whether to raise prices. Photo illustration: Adele Morgan
BySept. 26, 2022 8:00 am ETDrivers who have been complaining aboutcan now shift gears and gripe about car-insurance rates instead.While the average cost of a gallon dropped about 26% since June, car-insurance premiums have risen8.3% on average compared with a year ago, according to S&P Global Market Intelligence.