Car Insurance Rates Are Soaring With Little Relief in Sight

Regulators are starting to push back against premium increases of as much as 40%

June 24, 2023 5:30 am ET

Car insurance premiums are rising faster than other inflation-hit items, such as rent and food. Photo: David Paul Morris/Bloomberg News

A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates, with state regulators doing little to stop them.

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