The cost of car insurance in the United States has surged significantly, with a 22.6% increase over the past year, according to the latest Consumer Price Index (CPI) reading. Over the past four years, car insurance premiums have soared by 57%, reaching an average annual premium of nearly $2,300. This rise has led to a million people cancelling their coverage due to the unaffordable costs and hidden fees. U.S. auto insurers have endured three consecutive years of underwriting losses totaling $17 billion. The increase in car insurance rates is part of a broader trend of rising costs under the Biden administration.
Data shows that insurance claims increased 19 percent year-over-year since 2022. READ MORE: https://t.co/kRmi9Agkxi https://t.co/fpWLk23KPg
NEW: BIDENOMICS: Inflation Making America Unaffordable For the Average Family. https://t.co/ACZxwQNVlJ
#Bidenomics and #Bidenflation continue to CRUSH Americans. https://t.co/rgsrPuAzBO
President Biden's economic policies are making it harder for families to get by. How much harder? The latest data estimates that the average household in California is paying $1,267 more per month to purchase the same basket of goods and services as in January 2021. https://t.co/RcNGkmzcjH
Rent ⬆️ 21% Gas ⬆️ 55% Groceries ⬆️ 21% President Biden’s inflation-driving policies are putting the American Dream further and further out of reach.
Since Biden took office, the average Wisconsin household is paying an extra $952 every month. That’s “Bidenomics” for you. https://t.co/SDlw0vd8i5
The average Colorado household has spent almost $33,000 more due to inflation since 2021. Colorado ranks 2nd for increased monthly inflation costs. Although it is frustrating, I am not surprised. Bidenomics has had disastrous consequences that cannot be ignored.
Texans are paying $1,046 more per month to purchase the same goods and services as in January 2021. 🍴 $138 more on food per month 🏘️ $192 more on shelter per month ⚡️ $140 more on energy per month #Bidenflation has made the basic costs of living unaffordable.
BIDENOMICS = HOMEBUYER'S WORST NIGHTMARE. US housing costs have SURGED under the Biden Administration, and they show no signs of slowing. Household expectations of future home price appreciation are currently at the highest level since 2007. https://t.co/evXKQ0v8Qe
American families are paying nearly $13,000 more per year to afford the same quality of life they had when Biden was sworn in. America can't afford Bidenomics! https://t.co/pcB9e1T1Ez
Car insurance rates surge again, keeping inflation elevated https://t.co/n7DKVNS1Pj
US insurance prices still going up Apr-24 pricing was 1.4% up m/m, 22% up y/y (source: US Bureau of Labor Statistics) https://t.co/DaajHhRNn5 https://t.co/PHCRdwoaRz https://t.co/c4DMCYDc8M
Motorists resort to 'breaking the law' as 'epidemic' of soaring car insurance premiums hammer Britons https://t.co/ILx0oyciYg
#Bidenomics means high prices and hollowed out savings. Just take a look at these increases on everyday items since President Biden took office ⬇️ 🏡 Rent prices are up 20.77% ⛽ Gas prices are up 54.74% 🛒 Grocery prices are up 21.26%
Last month’s CPI numbers are out, and it’s no surprise that inflation rose 3.4%. Under President Biden’s failed policies, Americans paid more for goods and services in April. Here are a few examples: 🚗 Car insurance UP 22.6% 👵 Senior care UP 13.9% 🏥 Outpatient hospital… https://t.co/ni4rdMDfan
In April prices continued to rise. -Rent 20.77% ⬆️ -Grocery 21.26%⬆️ -Natural Gas 22.02%⬆️ -Electricity 27.18%⬆️ That’s Bidenomics at work.
Cumulatively, the average Tennessee household has spent $22,277 more due to inflation since Biden took office. Bidenflation at work. https://t.co/JUdMKi6m1u
“Bidenomics” has made the price of everything skyrocket. No matter how President Biden tries to spin it, the American people aren’t sold on his economic agenda.
Bidenomics has sent energy prices skyrocketing — making the cost of living unaffordable for families across the country. ⛽️ Gasoline ⬆️ 55.5% 🚗 Motor Fuel ⬆️ 55.1% ⚡️ Electricity ⬆️ 28.5% 🏠 Energy Services ⬆️ 27.3% 💡 Utility (Piped) Gas Service ⬆️ 22.0% https://t.co/7Wu5wjrQgu
Auto insurance is up more than 20 percent from a year ago. In many places, private home insurance isn’t available at all. Consumers are steaming. ht zh https://t.co/4rLPJnkZtL
President Biden can claim what he’d like about inflation, but numbers are reality. Idaho households are paying $1,101 more every month to buy the same products as in January 2021. We are literally paying the price for Biden’s inflammatory inflation.
'The price of motor vehicle insurance rose more than 22% in the year through April, the fastest pace since the 1970s. Many companies still need to raise prices to make up for losses over the past two years.' https://t.co/dHYtGsTxu2 https://t.co/5f2qTax5mz
The Biden Administration is trying to lie its way out of responsibility for historic inflation. Here’s the reality: prices are 20% higher today than they were when @POTUS took office. And the American people are tired of all of it – the lies and the prices. Bidenomics isn’t…
BIDENOMICS: Car insurance costs are up 22.6% over last year — and 46% from pre-pandemic levels. Home insurance has also gone crazy. Which have you noticed most? It seems crazy with no car claims, my premiums have gone thru the roof. https://t.co/W15zpQbRKT
BIDENOMICS: Car insurance costs are up 22.6% over last year — and 46% from pre-pandemic levels. "This number BLOWS ME AWAY." https://t.co/ObNpjMOGbl
Prices continue to rise thanks to @JoeBiden’s record inflation. Americans are suffering with NO END in sight under this administration. The reckless spending must STOP. https://t.co/KtX2KRMSQC
American families can’t afford Joe Biden’s failed economic policies. Look what his inflation has done to grocery prices ⬇️ https://t.co/bxaih7JWqN
SINCE BIDEN TOOK OFFICE: — Shelter costs up 20.9%. — Gas prices up 51.7%. —Car insurance up 51.7%. — Vehicle repairs up 40.6%. https://t.co/Lbm66X5aaO
Biden's big inflation problem: Prices are now up nearly 20% since he took office https://t.co/JwizIpNT7j by @benwerschkul
According to the @JECRepublicans the average household in Arizona is paying $1,202 more per month to purchase the same basket of goods and services as January 2021. Bidenomics...
Texans are getting crushed by #Bidenomics. Inflation has increased the average household’s spending by nearly $25,000 since Biden took office in January 2021. The White House can claim the economy is good but the American people can see past their shameless gaslighting.
Car Insurance rates soar higher, up +20% right now under Biden. Excluding the volatile lockdown/reopening period (circled), note how crazy this breakout is compared to history. Americans cannot afford these prices! https://t.co/L1RNduqEmL
Car insurance costs are out of control: 📈A million people have cancelled coverage due to rising costs 💰Drivers are paying £200 more than they were 2 years ago ❌Rip-off practices like hidden fees are on the rise It's time for the Transport Secretary to call in the regulators. https://t.co/Tlba6SyoC6
According to Wednesday's CPI reading, cost of car insurance is up 22.6% during past year During last four years, car insurance has soared by 57% to average annual premium of nearly $2,300 U.S. auto insurers have endured three consecutive years of underwriting losses ($17Bn in… https://t.co/8vuPxWGvx3