Trump's tariffs won't just raise car prices
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The national average cost of full-coverage car insurance could increase by 8% by the end of the year if 25% tariffs on imports from Canada and Mexico go into effect on April 2, according to an analys...
From USA TODAY
The shift could disrupt global supply chains as companies restructure sourcing strategies and manufacturing operations.
From Reuters
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Find out what's making car insurance so expensive. And, once you know why car insurance is so high, you'll be better able to find ways to keep costs down.
With average car insurance rates increasing by over 30 percent in the past two years, drivers across the country are wondering when they can expect some financial relief. The good news is that the break we are all looking for may already be here.
Car insurance rates can be higher for seniors because insurance companies view age-related changes in vision, cognition and motor skills as risk factors for more claims. But you can find ...
1hon MSN
Even if you're not in the market for a new car, U.S. President Donald Trump's 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the following weeks,
RALEIGH, N.C. (WITN) - A date has been set for a hearing to hash out an agreement surrounding a proposed car insurance rate hike in North Carolina. North Carolina Insurance Commissioner Mike Causey says the hearing will take place at 10 a.m. in Raleigh on September 22nd.
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American National and Geico offer the cheapest car insurance in Wyoming, with average monthly rates of $14 for minimum coverage.
“With these tariffs, we expect that car insurance will become more expensive,” said Brannon. “For example, when Canada and Mexico tariffs were on the table, we expected that car insurance prices would rise about 60% faster than the end of the year than they otherwise would.”
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Audacy on MSNHow tariffs could affect car insurance ratesIf your car gets bumped by another, tariffs may not just affect you much repairs will cost, but your car insurance premium as well. Experts say that’s because car parts are affected by tariffs on Mexico and Canada.