Skip to content

All of our locations will be closed on Monday, Sept. 1, in celebration of Labor Day. Remember, you can bank anytime, anywhere with online and mobile banking.

Buying or building a home? We offer a variety of mortgage loans with terms that fit your financial needs. 
Loans subject to credit approval. NMLS #406389

Get Started 863-222-7005

Chart of the Day: 20% Increase in Insurance

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Apr 2, 2024

Contents

Today’s Chart is from Charlie Bilello, with data from the US Bureau of Labor, showing that auto insurance has increased more than 20% from last year.  

This is the most significant one-year spike since 1976 and it is caused by several factors.

First is simply the escalating cost of cars, second is the subsequent higher cost to repair those cars, and third, in Florida’s case, the attempt to recoup losses from Hurricane Ian.

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

Previous
Chart of the Day: Increasing Chances to Reach Age 100
Next
Chart of the Day: Holding Period

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.