Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
S&P Global Mobility says there’s a 50% probability that the auto industry will experience an extended disruption period due to the tariffs. (Credit: vadimborkin/Adobe Stock)President Trump’s tariffs on goods from Mexico and Canada will make vehicle repairs and new cars more expensive — putting pressure on insurers to raise auto premiums.
A full-coverage car insurance policy averaged $2,313 per year in 2024, according to Insurify, up 15% from the previous year. Even before tariffs, premiums were expected to increase another 5% in 2025.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Report
Sponsored by RPS | Risk Placement Services
2025 US Market Outlook: Workers' Compensation
The workers’ compensation market is shifting as wage growth, medical inflation, and regulatory changes reshape the landscape. Understanding these trends is essential for staying competitive. Download the latest market outlook to gain expert insights into key industry shifts, risk factors, and opportunities that could impact your strategy in 2025.
Report
Sponsored by ePayPolicy
Independent Agents on the Rise: A Dual Impact on Agents and Insurance Providers
The insurance landscape is shifting, with independent agents playing an increasingly vital role. How does this impact insurance providers and agents alike? Explore the key factors driving this trend and what it means for your business.
Guide
Sponsored by ePayPolicy
10 Payment Processor Must-Haves for Insurance Carriers
Insurance carriers need more than just a basic payment processor. The right solution enhances security, improves efficiency, and ensures seamless transactions for policyholders and agents. This checklist highlights 10 key factors every carrier should consider when choosing a payment processor to stay compliant, streamline operations, and deliver a superior customer experience.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
