Tariffs threaten to push auto insurance rates even higher

Men repair the brakes on a truck in the parking lot of an auto parts store in Middletown, Ohio, in 2024. Prices of car parts, car repairs and car insurance are expected to rise if tariffs remain in place.

Between the slate of tariffs currently in effect and proposed tariffs on car parts, the cost of car ownership is rising. And that's true even if you're not in the market for a vehicle.

(Image credit: Scott Olson)