Skyrocketing car insurance costs push some drivers to forgo coverage

While slowing from a 40- year high hit last June, inflation remains well above the Federal Reserve's 2% target rate. April's Consumer Price Index, a measure of inflation, rose 4.9% year-over-year, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics. Car insurance costs grew more than two times faster than inflation's 6% rise,…