Car insurance rates are surging as Americans struggle to pay for basic necessities and ongoing debt.

The newest Consumer Price Index shows car insurance spiked 20 percent year over year. The surge in pricing occurred after years of gradual price inflation, with earlier reports finding the rates grew by 36 percent since 2020.

That’s at the same time debt is soaring for many Americans. While Americans hold around 1.75 trillion in student debt loans alone, they also have $1.05 trillion in credit card balances not paid off.

  • @tissek
    link
    54 months ago

    If the road is made for 90km/h, wide and with good sight lines, reducing legal speed to 70km/h doesn’t do much. There also needs to be made adjustments to the road so you cannot drive faster than 70km/h. Well so you aren’t natirally incentiviced to drive faster than you should.

    • @joel_feila@lemmy.world
      link
      fedilink
      44 months ago

      Once the state of Montana had no speed limits out side ot towns. When they added speed limits there was no change to traffic accidents or deaths.

    • @psycho_driver@lemmy.world
      link
      fedilink
      14 months ago

      We have a lot of roads in the US now with speed limits closer to 105-115km/h. When you get up to this range your vehicles start dropping fuel efficiency too due to loss from wind drag.