New analysis suggests that the Trump administration’s tariff policies could significantly impact car insurance costs for motorists. A potential 25% tariff on imports from Canada and Mexico, set to take effect in March, could raise annual full-coverage premiums by 8% to an average of $2,502 by the end of 2025. Without these tariffs, premiums are estimated to increase by 5% to $2,435 by year-end. The added expense is attributed to the expected rise in prices for cars and auto parts imported from these countries, leading insurers to increase premiums to cover the additional financial risk from more costly claims. Experts warn that if the tariffs are implemented, they could further escalate the already soaring costs of cars, parts, and insurance premiums for consumers.
When she makes nearly $1 million, the IMAX CEO expects $1.2 billion in box office receipts in 2025.
