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'Everything is rising at a scary rate': Why car and home insurance costs are surging

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Ezra Croft from North Carolina saw his annual homeowners' insurance surge to $1,600, a $700 increase. Many others across the country are also seeing surging auto and home insurance premiums. (Courtesy of Ezra Croft)
Ezra Croft from North Carolina saw his annual homeowners' insurance surge to $1,600, a $700 increase. Many others across the country are also seeing surging auto and home insurance premiums. (Courtesy of Ezra Croft)

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