Car owners need to buckle up: Higher premiums are starting to roll in as insurers win state approval for rate increases to offset inflation and a rise in serious accidents. Rates are rising by up to 20% in some places as insurers seek to raise to compensate for what they believe to be higher inflation. Consumers begin to see the impact when their policies, which typically last six months, expire.

Source: Wall Street Journal May 28, 2022 11:02 UTC