One big reason: Advanced safety features cost more to repair or replace.
CAR INSURANCE RATES HAVE been rising, even for people with spotless driving records, and they’re likely to continue to go up in 2018.
From 2012 to 2017, the consumer price index for auto insurance rose by 21.5%—the largest five-year increase in auto insurance costs since the early 1990s, says Ting Pen, of Value Penguin.com, which analyzes financial data. During the same period, the overall CPI increased by 6.6%.
This story is from the February 2018 edition of Kiplinger's Personal Finance.
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This story is from the February 2018 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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