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Auto insurance 6-month premiums jump 7.5% YoY in May

Rising rates could contribute to more consumer delinquencies

Aidan Bush

Rising insurance costs could pose a challenge for auto lenders as consumer premium data is largely invisible to financiers.   Auto borrowers’ insurance premiums are notoriously difficult for lenders to track, Landon Starr, chief executive of West Valley City, Utah-based lender Arivo Acceptance, told Auto Finance News.   “Insurance premium obligations remain a bit of […]

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