Inflation Causes Drivers to Switch Car Insurance Carriers

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In a recent survey from CarInsurance.com, more than half of drivers (57%) claimed their car insurance rate went up in the last 12 months. In fact, 32% of these drivers claimed their rates increased by at least 10%, leading many to shop around and buy insurance from a different carrier. About a quarter of respondents left Allstate, 22% left Geico and 21% left Progressive. 

Forty-three percent of drivers believed the increase in auto insurance rates was due to inflation. Auto…

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