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Auto insurance costs are expected to rise further due to new tariffs proposed by President-elect Donald Trump. Approximately 60% of car replacement parts in the U.S. are imported, primarily from Mexico, China, and Canada. Increased tariffs will elevate parts costs, which constitute about 40% of average repair bills, leading insurers to raise rates.
Bob Passmore
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
auto insurance rates expected to rise due to new tariffs
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19:55 26.11.2024
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