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Car Insurance Prices up 54%

As prices soar, Americans struggling to pay their bills are struggling to find the joy and hope that Democratic elites touted at the party's August convention. That includes auto insurance rates, which have risen 54 percent under Vice President Kamala Harris' leadership.

Data from the Bureau of Labor Statistics shows auto insurance has risen dramatically since President Joe Biden and Harris — the latter of whom was selected by Democrats to challenge former President Donald Trump — took office. January 2021 To July 2024Auto insurance increased by a staggering 54 percent.

This is just one aspect of the inflationary nightmare that the Biden-Harris administration has created. For example, the price of a new car Jumped off Consumer Price Index (CPI) data, which is not seasonally adjusted, shows it has risen 19 percent since Biden and Harris took office.

Chart — US Bureau of Labor Statistics: Consumer Price Index

Used Car and Truck Prices rose It increased by 20 percent over the same period.

Chart — US Bureau of Labor Statistics: Consumer Price Index

To make matters worse, cars are much more expensive to maintain for Americans, perhaps holding back on new car purchases due to rising prices. The average car maintenance and repair cost is It went up That figure doesn't include the fact that gas prices have reached record highs under their leadership.

Instead of understanding the importance of this issue, Democrats will use this reality as a political opportunity to sell electric vehicles (EVs) to Americans, which they can expect Harris to promote since she was a proud co-sponsor of the Green New Deal, which aimed to phase out gasoline-powered cars.

As Breitbart News economics editor John Carney pointed out in Breitbart Business Digest, when Americans notice rising prices for everyday items, they need look no further than Harris.

“Of course, Harris was in the mix. hold a runoff election in the senate “These are some of the most ambitious and, frankly, inflationary spending bills in recent years,” he reported.American Rescue PlanThe country, with a massive $1.9 trillion endowment, was touted as a lifeline for the struggling nation. fuel the fires of inflation It was impossible to erase it.”

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