A new warning suggests car insurance premiums could climb nearly 10 percent later this year as a result of tariffs. Because the cost of certain parts is set to rise, insurers have decided to pass those increases along to policyholders across the board.
Drivers already strained by high vehicle costs now face yet another expense creeping upward. The projected jump illustrates how trade policy can ripple through the economy in unexpected ways, ultimately landing on the average motorist’s monthly bill.