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Tariffs threaten to push auto insurance rates even higher

A slew of new tariffs, including some specific to vehicles, have many Americans reassessing their plans to buy a car — moving them up to take advantage of today’s tariff-free pricing, or reevaluating whether they want a new car at all, given the economic uncertainty.President Trump has recently floated the idea of a temporary pause on the 25% tax on imported cars, as a reprieve for automakers.But even if he goes ahead with that idea, tariffs will still affect the auto industry. And deciding not to purchase a new car won’t fully insulate drivers from price changes, either.That’s because tariffs are pushing up the prices of parts — so the cost of maintenance and repairs are also poised to rise. And when repairing cars gets more expensive, so does something else: auto insurance.”These tariffs are going to affect everybody who owns and operates a car,” says Jessica Caldwell, the head of insights at the automotive data company Edmunds. Repair and maintenance costs will riseRight now, there’…