Will Rising Auto Insurance Rates Affect Your Business?

You may have noticed your car insurance rates go up at your last renewal, even if you’ve had no new accidents or tickets.

If your rates haven’t gone up yet, brace yourself: Car insurance companies have been losing money recently, and many will have to raise premiums to remain profitable.

Car insurance rates typically go up about three percent or four percent every year, according to the Consumer Price Index. But in December 2016, they were up seven percent from the previous December....

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