prices are rising as people return to the roads this summer.
The last year saw a decline in premium rates, thanks to the lower traffic volumes on U.S. streets brought on by the pandemic. But as the number of driving hours declined, the country’s accident
, the fatality rate increased by 7%. Speeding, impaired driving, and distracted driving are apparently to blame.
Repair costs are also rising, thanks to microchip shortages and a lack of skilled labor. The labor problem might fix itself as people return to work, but the chip shortage could continue to slow down repair times.
Fuel prices began to rise after hackers caused a gas shortage in May. The security breach at Colonial Pipeline, along with supply chain problems caused by weather damage to refineries over the winter, brought the price up earlier than expected.
Prices began to stabilize but quickly spiked again for the Memorial Day weekend. Since then, gas has stayed around $3.00 a gallon in most of the country, the highest it’s been since 2014.
With gas and insurance prices both increasing, it’s more important than ever to find ways to save. You can change your driving habits and download a gas app to save on fuel, but the easiest way to save the most is to sign up with
Jerry is a personal insurance broker that lives in your pocket. But don’t worry about buying tiny office furniture, Jerry is an app. Once you download Jerry, just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $879 a year. Oh, and we should mention…Jerry is free.