'Everything is rising at a scary rate': Why car and home insurance costs are surging
By Scott Horsley (NPR)
"I'm a middle income guy," Croft says. "Don't make a ton of extra money. At this point I'm teetering on the point of inaffordability."
Similar complaints can be heard all over the country. On average, insurance companies sought to raise homeowners' premiums by more than 11% last year, according to S&P Global Market Intelligence.
Auto insurance premiums are climbing even faster, far outpacing overall inflation.
Take Paul Morro. His auto insurance bill just jumped by $600 a year.
"Here's the kicker," Morro says. "My wife and I both work from home. So we have no commute to speak of.” Read More
