Watch Why Automobile Insurance coverage Charges Are Skyrocketing In The U.S. YouTube CNBC English Information shorts:Video
Automobile insurance coverage has gotten costly. Within the U.S. the common annual premium for full protection automotive insurance coverage rose 26% to $2,543 in comparison with final 12 months, in keeping with Bankrate. Fewer auto mechanics, a tighter provide of used automobiles and elevated well being care payments are fueling rising costs. Vehicles are additionally costlier to repair and American drivers have gotten extra reckless. There have been greater than 6.1 million motorized vehicle crashes reported to the police in 2021, in keeping with the US. Division of Transportation.
0:00-2:16 Intro
2:17-4:26 Chapter 1 Rising prices
4:27-8:05 Chapter 2 Why charges are rising
8:06-9:53 Chapter 3 Calculating prices
9:54-12:15 Chapter 4 Driving recklessly
Produced by: Shawn Baldwin
Edited by: Marc Ganley
Supervising Producer: Jeniece Pettitt
Animation: Andrea Schmitz
Further Footage: Getty Photos
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Why Automobile Insurance coverage Charges Are Skyrocketing In The U.S.
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