Is Inflation Affecting Your Insurance Costs?

Is Inflation Affecting Your Insurance Costs?

Where you live will inform how much your rates increase; however, analysts predict a jump ranging from high single-digit to low double-digit percentages. While there are many reasons to expect rates to continue to rise, here are the top three explanations -- and each represents situations over which insurance companies exert no control. According to scientists, climate change has led to a rise in extreme climate events.