By Steven Symes 
A warning has been sounded that your car insurance will likely go up by almost 10 percent later this year, thanks to tariffs. That’s right, because the cost of some parts will be increasing, insurance companies have decided to charge everyone more to cover the costs.
Survey shows most believe car insurance rates are calculated unfairly.
That doesn’t exactly excite people and we understand why. After all, it feels like insurance companies are finding any and every excuse to dial up premiums while at the same time trying to weasel their way out of paying for claims.
What most people are coughing up each month for their auto insurance is about what was considered a normal car payment just a few years ago. Now we’re being told the cost of carrying insurance coverage, which is required by law, is going to go up again.
In case you’ve forgotten, car insurance rates went wild a few years ago. Some blame covid and supply chain disruptions. Others blamed inflation triggered by reckless monetary policies. Whatever the cause, more and more people are reaching the end of their rope.
As insurance costs climb, along with the price of new and used cars, plus maintenance and repairs, some are wondering how much longer they can afford to keep a vehicle. But in many areas of the US public transportation is a joke, thanks in no small part to the fact not everyone lives in a compact urban area.
We suppose the increases in cost of ownership for cars might cause some to turn to using rideshare apps or hailing robotaxis instead of keeping their own private ride.
For the rest of us, a report from Fox 11 out of Los Angeles cites some insurance experts who say the cost increase won’t be seen until at the earliest the tail end of 2025. In other words, you have time to plan and maybe sell a few organs so insurance executives can live the high life.
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