Car insurance rates have soared 36% since 2020. Here’s why.

As car prices have climbed in recent years, bright-colored signs at dealerships and boldface headlines have blared warnings to buyers. Koichi Kamoshida/Getty Images (NEW YORK) — As car prices have climbed in recent years, bright-colored signs at dealerships and boldface headlines have blared warnings to buyers. But less attention has been paid to the jump …

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How does third-party car insurance help?

How does third-party car insurance help? I have motor insurance, but it’s only third-party coverage. Will it cover damages in case of accidents or pile-ups on highways due to smog? —Name withheld on request Third-party (TP) insurance primarily addresses damages to bodily injury, fatal cases for the occupants travelling in the vehicle, and loss to …

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