source: https://awealthofcommonsense.com/2024/04/is-auto-insurance-becoming-a-crisis/
I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners.
Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years:
It’s like a meme stock.
Since the start of 2020, auto insurance has spiked 46% against an over...