Auto Insurance Costs Are Surging — Here’s What It Means for Lenders and Dealerships
The auto finance industry is facing a new wave of risk. In August, the average annual premium for auto insurance in the U.S. jumped 18% year-over-year to $2,567 — roughly $214 per month. At the same time, the Insurance Research Council reports that 15.4% of U.S. drivers — more than 1 in 7 — are […]
