Why car insurance costs are skyrocketing, leading to higher inflation

...since December 2021...costs have increased by 45.8% 

• Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March.
• On a monthly basis, car insurance prices as part of the consumer price index rose by an unadjusted 2.7%, while the year-over-year increased by 22.2%, according to data released Wednesday.
• The rise in insurance costs is in addition to historically high prices for new and used vehicles since the coronavirus pandemic, as well as rising costs to repair vehicles...