Car insurance premiums likely to rise due to tariffs, industry groups say

Car insurance premiums in the United States are expected to rise due to new tariffs on car parts and materials needed for repairs. The tariffs, enacted by President Donald Trump, could lead to an increase of $30 to $60 billion in annual costs for auto repairs and replacements. Industry experts warn that the tariffs could result in significant price hikes for car insurance policies, as insurers may struggle to absorb the additional costs. Consumers are advised to shop around for insurance policies and stay informed about potential deductible changes to mitigate the impact of the tariffs on their premiums.
Read more here