motor vehicle insurance Flash News List | Blockchain.News
Flash News List

List of Flash News about motor vehicle insurance

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US Car Insurance Premiums Set to Hit Record by 2025: +4% to $2,402; CPI Inflation Watch for BTC, ETH Traders

According to @KobeissiLetter, average US car insurance premiums are expected to rise 4% by end-2025 to a record $2,402, with the national average for full-coverage potentially climbing up to 7% to $2,472 (source: The Kobeissi Letter). Premiums are projected to surge at least 12% in Rhode Island, Michigan, Maine, Washington, D.C., and Delaware (source: The Kobeissi Letter). Maryland currently has the highest average premium at $4,093, up 20% year over year (source: The Kobeissi Letter). Nationwide, car insurance costs have already increased by $759, or 49%, since 2021, pushing overall car ownership costs to new highs (source: The Kobeissi Letter). Motor vehicle insurance is a component of the Consumer Price Index tracked by the U.S. Bureau of Labor Statistics, making these increases relevant for inflation readings (source: U.S. Bureau of Labor Statistics). Persistently higher CPI can keep Federal Reserve policy restrictive for longer under its inflation mandate, a key driver for rate-sensitive risk assets including BTC and ETH (source: Federal Reserve). Traders should monitor upcoming CPI prints and the motor vehicle insurance subindex for signals on inflation persistence and interest-rate path implications (source: U.S. Bureau of Labor Statistics).

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