Motor insurance rates in the USA have increased by 21% over the past twelve months, according to industry figures. This marks the sharpest rise in premiums since 1976.
This surge is due to the rising costs of vehicle repairs, spare parts and labor.
Another factor behind the rate increase is the high number of motor claims, particularly the rising number of deaths on American roads.
Read also | Car insurance companies in the US [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-209-march-2023
[4] https://www.atlas-mag.net/en/category/pays/etats-unis/best-car-insurance-companies-us