As Car-Insurance Rates Rise, Fed Up Drivers Shift Gears

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 18 July 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

After rising 12% last year, average annual car-insurance rates in the U.S. are expected to increase by another 9% next year. Wall Street Journal editor Geoffrey Rogow joins host J.R. Whalen to discuss options drivers have in order to rein in costs. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If only life had a remote control, you could pause or rewind.
0:03.6	Well, life doesn't always give you time to change the outcome, but pre-diabetes does.
0:08.5	Take the one minute risk test today at do I have pre-diabetes.org.
0:12.2	Brought to you by the Ad Council on its Pre-Dibeeness Partners.
0:15.0	Here's your money briefing for Thursday, July 18th.
0:21.0	I'm J.R. W Wayland for the Wall Street Journal. The average annual cost of car
0:27.5	insurance in the U.S. rose 12% in the past year and it's expected to rise another 9% next year.
0:34.0	As a result, more motorists are considering switching their insurer or making changes to their policy.
0:40.0	You want to pay a fair price for insurance, but you do have to ask what you're paying for.
0:45.0	Sometimes it's worth to pay a little bit more for a better insurance policy.
0:50.0	Ask yourself, what else is this providing me roadside assistance if I've had an
0:54.9	incident last three or four years and my insurance company was awesome. They really
0:59.3	helped me and it wasn't a pain. Think about your relationship to this insurance company.
1:04.4	We'll talk to Wall Street Journal editor Jeff Rogo.
1:07.0	After the break. If only life had a remote control, you could pause or rewind.
1:24.0	Well, life doesn't always give you time to change the outcome, but pre-diabedes does.
1:29.0	Take the one minute risk test today at do I have pre-diabedes.
1:32.0	Or brought to you by the Ad Council on its Pre-Dibities Awareness Partners.
1:35.0	Skyrocketing car insurance rates have drivers exploring alternative solutions.
1:45.0	Wall Street Journal editor Jeffrey Rogo joins me.
1:48.0	Jeff, why have auto insurance rates risen so much?
1:51.0	It's almost comical how many things have gone against
	...

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