Insurance premiums for autos, homes, and health have increased significantly in the United States, contributing to inflation and the high cost of living for consumers nationwide.
Consumer price data released by the U.S. Bureau of Labor Statistics (BLS) shows that car insurance premiums rose at a whopping annual rate of 22.2% in March, well above the 3.5% rise in the Consumer Price Index (CPI). In addition, home insurance premiums are up 23% over the previous year.
