Navigating Inflationary Costs: How Inflation Increases Insurance Rates and Impacts Policyholders
by |Nov 08, 2022 | Blog, Personal Insurance
Inflation is an economic issue that affects many aspects of our lives, including the cost of insurance. As inflation increases, so do insurance rates. Policyholders may face increased deductibles, reduced coverage, or a combination of both. According to Digital Insurance, a JD Power study found an 11.8% increase in quote rates throughout the US in 2022. […]