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 Insurance Insights

what Do Russia and Ukraine have to do with Auto Insurance Rates?

10/19/2023

 
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What does the Russian invasion of Ukraine have to do with your auto insurance rates?

Ukraine is a main supplier of neon, and Russia is a key supplier of palladium - both components used in the production of semi-conductors and may directly influence chip shortages.
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But that's not the only factor causing a rise in auto insurance premiums.  Here's a sampling of other direct influences on auto insurance costs:

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    Dennis Lam

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