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How does inflation affect insurance rates?

November 23, 2022

Like most other goods and services, inflation can also increase the cost of insurance. Insurance and inflation When determining insurance premiums, insurance companies look at a variety of factors including industry trends like number of claims and costs to repair vehicles and homes. If those costs increase, the price of insurance premiums will likely increase […]

Filed Under: American Heritage, Auto Tagged With: Auto Insurance, Home Insurance, inflation, Insurance, lower premiums, saving

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