Insurance Information Institute Can Discuss Auto Insurance Cost Drivers

NEW YORK, Feb. 12 (TNSOps) -- The Insurance Information Institute issued the following news release:

The U.S. Bureau of Labor Statistics yesterday announced the inflation rate rose 7.5 percent for the 12 months ending January 2022, the largest 12-month increase since the period ending February 1982.

Triple-I today released a Fact Sheet (https://www.iii.org/sites/default/files/docs/pdf/triple-i_auto_insurance_rates_02112022.pdf) illustrating how this trend and others are affecting the cost of auto insurance.

In addition, the Triple-I subject matter experts listed below can discuss what auto insurance covers, why policyholders may pay more for coverage even when they have not filed a claim, and how policyholders can reduce their auto insurance costs.