Skip to content

Thinking about your family's future? Attend one of our upcoming Trust Seminars and learn how thoughtful planning can make a lasting difference. Register here.
Investments are not FDIC insured, not deposits, and may lose value.

To honor those who served our country, all Crews Bank & Trust locations will be closed on Veterans Day, Wednesday, Nov. 11.

Get Started 863-222-7005

Chart of the Day: 20% Increase in Insurance

Crews Bank & Trust Wealth Management Services 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

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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.