How to Beat Soaring Home and Auto Insurance Premiums

What’s behind the insurance price hikes, and what to do about them?

A toy car with an umbrella over it, indicating car insurance.
(Image credit: Getty Images)

To help you understand what is going on in the insurance sector our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest… 

If you own a home or a car, you’ve probably seen some hefty increases in your insurance premiums in the past few years. Insurance costs have been soaring due to high inflation, insurers’ greater exposure to disasters like hurricanes and wildfires, and rising reinsurance costs. Unfortunately, there’s little relief in sight. But there are steps consumers can take to mitigate the pain of mounting insurance costs.

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Rodrigo Sermeño
, The Kiplinger Letter

Rodrigo Sermeño covers the financial services, housing, small business, and cryptocurrency industries for The Kiplinger Letter. Before joining Kiplinger in 2014, he worked for several think tanks and non-profit organizations in Washington, D.C., including the New America Foundation, the Streit Council, and the Arca Foundation. Rodrigo graduated from George Mason University with a bachelor's degree in international affairs. He also holds a master's in public policy from George Mason University's Schar School of Policy and Government.