Car insurance costs around the country are going up as insurers receive more claims from areas struck by storms and other climate disasters.
The home insurance market isn’t the only part of the insurance agency being roiled by extreme weather. “Now, car insurance quotes are reflecting trends seen across the home insurance market as climate change becomes an increasingly prevalent — and costly — factor,” writes Kiley Price in Grist.
An August report predicts that car insurance costs will rise by 22 percent by the end of 2024, with rates rising by as much as 50 percent in California, Missouri, and Minnesota. “That’s due to a number of factors, including inflation, extreme weather, and more cases of severe accidents or dangerous driving.” According to professor Andrew Hoffman, “It’s actually secondary perils that are really having a dominant influence on driving up insurance costs.”
FULL STORY: Climate-fueled extreme weather is hiking up car insurance rates
Rising Insurance Rates Squeezing Affordable Housing Developers
Spiking insurance costs in coastal areas prone to climate disasters are making it harder for low-income housing developers to keep building.
Will Hurricanes Drive Away Florida’s Retirees?
Some children of Florida retirees are urging their parents to leave hurricane-prone areas for safer regions.
Love Letter to Asheville
A River Arts District resident and urbanist reflects on her experience in the former “climate haven” in the aftermath of Hurricane Helene.
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
Central Florida’s SunRail Plans Major Expansion
The expanded train line will connect more destinations to the international airport and other important destinations.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Santa Monica Lowers Speed Limits
Posted speed limits will be reduced by 5 miles per hour on dozens of the city’s streets.
For Some, Co-Housing Offers Social and Economic Benefits
Residents of co-living developments say the built-in community helps ease the growing isolation felt by many Americans.
New Map Puts Bay Area Traffic Data in One Place
The Traffic Monitoring site uses community-collected speed and volume data to reveal traffic patterns on local roads.
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