{"id":119231,"date":"2024-11-17T21:54:12","date_gmt":"2024-11-17T21:54:12","guid":{"rendered":"https:\/\/www.way.com\/blog\/?p=119231"},"modified":"2026-04-24T10:17:38","modified_gmt":"2026-04-24T10:17:38","slug":"why-rising-car-insurance-rates-are-outpacing-inflation","status":"publish","type":"post","link":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/","title":{"rendered":"Why rising car insurance rates are outpacing inflation"},"content":{"rendered":"<p style=\"text-align: center;\"><em>The past few years have been tumultuous in a post-pandemic insurance world. For the first time in recent memory, the auto insurance industry faces substantial loss pressures on multiple fronts. To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs.<\/em><\/p>\n<p>These are being driven by several factors:<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">What you&#039;ll read about<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #e71346;color:#e71346\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #e71346;color:#e71346\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Loss_Severity\" >Loss Severity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Loss_Frequency\" >Loss Frequency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Medical_Expenses\" >Medical Expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Carrying_Costs\" >Carrying Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Car_Insurance_Rates\" >Car Insurance Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#Choice_of_Vehicle\" >Choice of Vehicle<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Loss_Severity\"><\/span><strong>Loss Severity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While supply chain issues have mostly receded, the increased cost of parts and labor translates directly into higher repair costs. Further complicating this are today\u2019s vehicles and their integrated safety devices, parking sensors, integrated body panels, and vehicle construction. These are designed to crumple around passengers to absorb impact. What was once a \u201cfender bender\u201d in a parking lot that involved dent removal and paint now contains thousands of dollars in electronics and takes specialized labor to install. This is measured as loss severity, or the average amount paid out in an average claim. This number has seen an 82% rise over the past decade.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Loss_Frequency\"><\/span><strong>Loss Frequency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Drivers emerged from a pandemic to newly crowded roads and a more constantly connected environment. Distracted driving is a major culprit and has driven accident rates to new highs, with more accidents per mile driven. For the first time in decades, auto accident-related fatalities have begun to increase as well. More accidents, plus more expensive accidents, are a combination of higher premiums.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Medical_Expenses\"><\/span><strong>Medical Expenses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Medical expenses are rapidly escalating, leading to an increased \u201clarge loss\u201d rate, wherein policy limits are reached, frequently through lengthy court processes. These additional legal fees, medical expenses, and administration costs have far outpaced the CPI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Carrying_Costs\"><\/span><strong>Carrying Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The time from opening to closing the claim has stretched. Due to staffing limitations on the claims side and labor shortages on the repair side, claim files are taking longer, which has its own ancillary costs in rental and substitute auto coverages and storage fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Car_Insurance_Rates\"><\/span><strong>Car Insurance Rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Car insurance costs are currently the #1 driver of inflation and are a substantial part of every household\u2019s budget. The rates also vary wildly from state to state. For example, the average in Georgia would be considered extremely high in California regarding relative average premiums. Various reasons play into this variance, and rates vary significantly from driver to driver. The core factors that drive rates are location, years of driving experience, prior insurance and loss history, and driving record. A driver with a solid history of maintaining insurance, with zero to a few claims, and 20 years of clean driving experience will see a much lower premium than a newly licensed driver or one with a poor driving history. However, that same driver with the lower rate could see their rate jump by simply moving to an area with a higher accident frequency or a state with increased weather risks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Choice_of_Vehicle\"><\/span><strong>Choice of Vehicle<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The choice of vehicle will also be tied directly to premium rates. According to Ezra Peterson, Senior Director, Insurance for Way, &#8220;The old wives\u2019 tale that &#8216;red cars cost more&#8217; is wrong. What does matter is the cost of repair, along with accident involvement statistics. A vehicle with specialized systems, rare trim packages, high theft rates, and electric vehicles will likely be more to insure than a typical sedan, all due to loss probability and cost to repair.&#8221;<\/p>\n<p>Every state requires some level of insurance. However, no state requires coverage for your vehicle. They all require some protection for damages a driver may be liable for due to a driver\u2019s negligence.<\/p>\n<h4>Final Note<\/h4>\n<p>Every driver who is looking to save on their insurance costs or find better coverage than what they have currently should look at what they need to be protected against when considering which coverage options to choose from, along with their own driving habits, which may have changed dramatically in the past few years. If the vehicle is owned outright and wouldn\u2019t pose a significant loss in the event of a theft or collision, reducing coverage to state-mandated liability may make sense. If it\u2019s the only vehicle in a busy household and would represent a significant disruption if it were no longer available, you may want to stretch that budget to ensure every situation is accounted for.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past few years have been tumultuous in a post-pandemic insurance world. For the first time in recent memory, the auto insurance industry faces substantial loss pressures on multiple fronts. To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. These are being driven by several factors: Loss Severity While&hellip; <a class=\"more-link\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\">Continue reading <span class=\"screen-reader-text\">Why rising car insurance rates are outpacing inflation<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":83874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[569],"tags":[],"class_list":["post-119231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why rising car insurance rates are outpacing inflation<\/title>\n<meta name=\"description\" content=\"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here&#039;s why.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why rising car insurance rates are outpacing inflation\" \/>\n<meta property=\"og:description\" content=\"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here&#039;s why.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"Way Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-17T21:54:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-24T10:17:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"652\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sara Sam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sara Sam\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\"},\"author\":{\"name\":\"Sara Sam\",\"@id\":\"https:\/\/www.way.com\/journal\/#\/schema\/person\/271487209c88cf7e105f1330332929d1\"},\"headline\":\"Why rising car insurance rates are outpacing inflation\",\"datePublished\":\"2024-11-17T21:54:12+00:00\",\"dateModified\":\"2026-04-24T10:17:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\"},\"wordCount\":704,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.way.com\/journal\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg\",\"articleSection\":[\"Auto Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\",\"url\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\",\"name\":\"Why rising car insurance rates are outpacing inflation\",\"isPartOf\":{\"@id\":\"https:\/\/www.way.com\/journal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg\",\"datePublished\":\"2024-11-17T21:54:12+00:00\",\"dateModified\":\"2026-04-24T10:17:38+00:00\",\"description\":\"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here's why.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage\",\"url\":\"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg\",\"contentUrl\":\"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg\",\"width\":1000,\"height\":652,\"caption\":\"Image by Sharomka\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.way.com\/journal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Insurance\",\"item\":\"https:\/\/www.way.com\/journal\/insurance\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Auto Insurance\",\"item\":\"https:\/\/www.way.com\/journal\/insurance\/auto-insurance\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Why rising car insurance rates are outpacing inflation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.way.com\/journal\/#website\",\"url\":\"https:\/\/www.way.com\/journal\/\",\"name\":\"Way Blog\",\"description\":\"The smart WAY to save on car expenses.\",\"publisher\":{\"@id\":\"https:\/\/www.way.com\/journal\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.way.com\/journal\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.way.com\/journal\/#organization\",\"name\":\"Way.com\",\"url\":\"https:\/\/www.way.com\/journal\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.way.com\/journal\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.way.com\/wp-content\/uploads\/2025\/03\/Red.jpg\",\"contentUrl\":\"https:\/\/blog.way.com\/wp-content\/uploads\/2025\/03\/Red.jpg\",\"width\":800,\"height\":240,\"caption\":\"Way.com\"},\"image\":{\"@id\":\"https:\/\/www.way.com\/journal\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.way.com\/journal\/#\/schema\/person\/271487209c88cf7e105f1330332929d1\",\"name\":\"Sara Sam\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g\",\"caption\":\"Sara Sam\"},\"description\":\"Sara Sam may not look like your typical car and finance expert, but don't let that fool you. With over four years of experience in the industry, she knows all the ins and outs of cars, car insurance, and refinancing. You can trust Sara to help you navigate the often-confusing world of automobiles and financing.\",\"jobTitle\":\"Senior Insurance Content writer\",\"url\":\"https:\/\/www.way.com\/journal\/author\/sara-sam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why rising car insurance rates are outpacing inflation","description":"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here's why.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/","og_locale":"en_US","og_type":"article","og_title":"Why rising car insurance rates are outpacing inflation","og_description":"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here's why.","og_url":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/","og_site_name":"Way Blog","article_published_time":"2024-11-17T21:54:12+00:00","article_modified_time":"2026-04-24T10:17:38+00:00","og_image":[{"width":1000,"height":652,"url":"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg","type":"image\/jpeg"}],"author":"Sara Sam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sara Sam","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#article","isPartOf":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/"},"author":{"name":"Sara Sam","@id":"https:\/\/www.way.com\/journal\/#\/schema\/person\/271487209c88cf7e105f1330332929d1"},"headline":"Why rising car insurance rates are outpacing inflation","datePublished":"2024-11-17T21:54:12+00:00","dateModified":"2026-04-24T10:17:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/"},"wordCount":704,"commentCount":0,"publisher":{"@id":"https:\/\/www.way.com\/journal\/#organization"},"image":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage"},"thumbnailUrl":"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg","articleSection":["Auto Insurance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/","url":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/","name":"Why rising car insurance rates are outpacing inflation","isPartOf":{"@id":"https:\/\/www.way.com\/journal\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage"},"image":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage"},"thumbnailUrl":"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg","datePublished":"2024-11-17T21:54:12+00:00","dateModified":"2026-04-24T10:17:38+00:00","description":"To maintain viability, car insurance rates have increased concurrently with this uptick in claims costs. Here's why.","breadcrumb":{"@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#primaryimage","url":"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg","contentUrl":"https:\/\/journal.way.com\/wp-content\/uploads\/2023\/12\/shutterstock_402806548.jpg","width":1000,"height":652,"caption":"Image by Sharomka"},{"@type":"BreadcrumbList","@id":"https:\/\/www.way.com\/journal\/why-rising-car-insurance-rates-are-outpacing-inflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.way.com\/journal\/"},{"@type":"ListItem","position":2,"name":"Insurance","item":"https:\/\/www.way.com\/journal\/insurance\/"},{"@type":"ListItem","position":3,"name":"Auto Insurance","item":"https:\/\/www.way.com\/journal\/insurance\/auto-insurance\/"},{"@type":"ListItem","position":4,"name":"Why rising car insurance rates are outpacing inflation"}]},{"@type":"WebSite","@id":"https:\/\/www.way.com\/journal\/#website","url":"https:\/\/www.way.com\/journal\/","name":"Way Blog","description":"The smart WAY to save on car expenses.","publisher":{"@id":"https:\/\/www.way.com\/journal\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.way.com\/journal\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.way.com\/journal\/#organization","name":"Way.com","url":"https:\/\/www.way.com\/journal\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.way.com\/journal\/#\/schema\/logo\/image\/","url":"https:\/\/blog.way.com\/wp-content\/uploads\/2025\/03\/Red.jpg","contentUrl":"https:\/\/blog.way.com\/wp-content\/uploads\/2025\/03\/Red.jpg","width":800,"height":240,"caption":"Way.com"},"image":{"@id":"https:\/\/www.way.com\/journal\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.way.com\/journal\/#\/schema\/person\/271487209c88cf7e105f1330332929d1","name":"Sara Sam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/95a7e21c046a09a91c4f573242b6dce8431f1d30d0c534805bfd22025c02022d?s=96&d=mm&r=g","caption":"Sara Sam"},"description":"Sara Sam may not look like your typical car and finance expert, but don't let that fool you. With over four years of experience in the industry, she knows all the ins and outs of cars, car insurance, and refinancing. You can trust Sara to help you navigate the often-confusing world of automobiles and financing.","jobTitle":"Senior Insurance Content writer","url":"https:\/\/www.way.com\/journal\/author\/sara-sam\/"}]}},"_links":{"self":[{"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/posts\/119231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/comments?post=119231"}],"version-history":[{"count":26,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/posts\/119231\/revisions"}],"predecessor-version":[{"id":166201,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/posts\/119231\/revisions\/166201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/media\/83874"}],"wp:attachment":[{"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/media?parent=119231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/categories?post=119231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.way.com\/journal\/wp-json\/wp\/v2\/tags?post=119231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}