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Podcast: In Wheel Time Podcast: Your Go-To Automotive Talk Show
Episode: Why Your Car Insurance Bill Keeps Growing and the Role of Recycled Parts
Description: Join us as we peel back the layers on the ballooning costs of car insurance with Divya Sangam from Lending Tree. With an eye-opening average rate increase of 12.6% sweeping the nation, we uncover some of the factors driving this inflation—from escalating claim costs and the impact of climate disasters to the spike in catalytic converter thefts. You'll learn why the expected pandemic savings never materialized in consumers' wallets and how state insurance boards are entangled with inflation in greenlighting these rate hikes. It's a deep dive into the financial squeeze on American drivers, and a look at an industry gr...