Tariffs on Canada and Mexico Could Raise Car Insurance Rates 60% Faster

Editor’s note: The U.S. has adjusted tariff policies since this report was published, changing the estimated impact on car insurance costs. Tariffs on Canada and Mexico will likely change how much Americans pay for full-coverage car insurance. The U.S. leans heavily on its bordering neighbors for auto parts and assembly, and Insurify experts say a 25% tariff on…