Insurance rates climb, even as we drive less

Some urge regulatory action, but most states are staying on the sidelines, hoping market competition will drive rates down

By Mary Williams Walsh / The Bulletin
August 23, 2008

Gasoline prices are well above last year’s levels, and people are driving less. That would suggest fewer crashes, and a little relief for the struggling American consumer, in the form of lower auto insurance premiums.

But instead, many insurers are raising their rates, sometimes by....

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