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Auto Insurance Rate Hikes Erode Price Satisfaction, Drive Surge in Value Shopping, J.D. Power Finds

Auto insurers are caught between a rock and a hard place. According to the J.D. Power 2022 U.S. “A perfect storm of record-high replacement costs, increased frequency and severity of collisions and an economic outlook that suggests this situation won’ t change anytime soon is forcing a major industry disruption,” said Marty Ellingsworth, executive managing. ....

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