A recent survey has found that the cost is a major cause of stress for many motorists. The combination of the high annual inflation rate means that the cost of living is a growing challenge for Americans, and auto insurance has become a stressful concern. A recent survey showed that 43 percent of insured drivers had experienced a rate hike since last year. The survey was conducted by PolicyGenius. It showed that 43 percent of drivers were paying more in 2023 for their auto insurance coverage than they did in…
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Millennials pay higher car insurance rates when they live with their parents
Auto insurance companies consider them to be a higher risk than those living on their own. Millennial motorists who still live at home with their parents pay higher car insurance rates than their counterparts who don’t, say the results of a new study. Millennials who own houses or condos tend to pay notably less for their auto insurance coverage. The higher car insurance premiums study was conducted by Compare.com. It determined that millennials who live with their parents pay considerably higher car insurance premiums than their home owning counterparts. In…
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