CBS News
Auto insurance prices were up 16.3 percent in September compared to the same month last year, which is down from the 22.6 percent higher seen in April but still very high. About to make that worse is a series of bad storms, Helene and Milton, which will cost $3 billion to $5 billion in auto losses, or about 10 percent of all the insured damage. Auto insurance usually does cover floods — which home insurance tends to treats as a separate policy — so the flooding is bad news for the overall auto insurance business. In Florida alone, 80,000 auto insurance claims have been filed since the storms.
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