You may be aware that President Donald Trump’s tariff war with Canada and Mexico will see Americans paying more for consumer goods, but have you considered the cost of services will also rise? According to a February report from Insurify, the cost of full-coverage car insurance in the U.S. could increase by 8% on average this year if Trump persists on 25% import tariffs on car parts made in Mexico and Canada. Plus, with Canadian steel and aluminum facing the same tariff, the price of manufacturing auto parts in America could also skyrocket. The cost of auto parts is a major factor in the final price of your auto insurance. The car industry in the U.S. is highly reliant on our neighbors to the north and south, as the U.S

Florida drivers already pay some of the highest car insurance rates in the U.S., and those rates could go even higher if President Trump’s automotive tariffs go into effect in April. Floridians currently pay an average of $263 per month for full coverage car insurance, which is the fifth-highest rate in the nation, according to Insurify. The company’s study found that tariffs introduced by Trump could drive car insurance costs up by as much as 13% by the end of 2025. For Florida drivers, this means annual insurance premiums could reach $3,576 — an increase of $410 — with approximately 92 of those dollars directly tied to Trump’s tariffs. But it's not just Florida drivers who will feel this pinch. Here's why tariffs matter for policyholders across the country, and what you can do to manage rising costs