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Car insurance prices surge (www.newsweek.com)
submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

Car insurance rates are surging as Americans struggle to pay for basic necessities and ongoing debt.

The newest Consumer Price Index shows car insurance spiked 20 percent year over year. The surge in pricing occurred after years of gradual price inflation, with earlier reports finding the rates grew by 36 percent since 2020.

That's at the same time debt is soaring for many Americans. While Americans hold around 1.75 trillion in student debt loans alone, they also have $1.05 trillion in credit card balances not paid off.

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[-] madcaesar@lemmy.world 26 points 2 years ago

Some of these are valid. But speed cameras do fuck all for safety. They are a private company scam to take money from people

[-] RGB3x3@lemmy.world 15 points 2 years ago

The better way to go about it is to redesign roadways to force people to slow down. Narrower lanes, trees on each side, no more 6-lane highways through semi-residential and mixed-use areas. And then invest in public transportation so that fewer people even need to drive their own cars.

But I'm preaching to the choir on Lemmy and hoping for hell to freeze over.

[-] stoly@lemmy.world 2 points 2 years ago

Thanks for pointing that out.

this post was submitted on 20 Feb 2024
226 points (97.1% liked)

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