Beyond inflation: Why car insurance rates are expected to rise in 2023

A shortage of auto technicians could affect car insurance premiums, according to The General. Many Americans saw their car insurance premiums rise in 2022, and some studies project that the trend will continue into 2023. The predicted increase in auto insurance costs has a variety of potential causes. These include ongoing supply chain issues across…

Major auto insurance companies are getting out of California

On Your Side: California’s auto insurance crisis Major auto insurers are pulling back in the California market because they say our drivers are too expensive to insure. Californians are driving around as much as they did before the pandemic, but probably not as well. Car accidents are on the rise and some insurance companies say…

Florida is the second most expensive state for car insurance, study says

TAMPA, Fla. (WFLA) — Florida may be the 12th best state for driving, but that doesn’t mean it isn’t expensive. However, one of the downsides to driving in the Sunshine State is the high cost of car insurance. According to a new study of coverage rates by ValuePenguin, Florida is the second most expensive state…

Auto insurance rates were expected to rise in 2023, but unforeseen challenges add to the cost

The pandemic, supply chain issues, and labor shortages are factors in the rising costContents1 The pandemic, supply chain issues, and labor shortages are factors in the rising cost1.1 Also on KSAT1.1.1 About the Author:1.1.2 John Paul Barajas2 Who actually has the cheapest car insurance?2.1 Why is Geico so much cheaper?2.1.1 Can GEICO save you money?2.1.2…

Common auto insurance claims and prevention during storms

Most people have car insurance that covers storm damage. After multiple storms hit the Northern California region, many people are left with destruction, including damage to their cars. While some people let large trees land on their vehicles, simply driving around in a storm can lead to a buildup of grime under the hood. Clearing…

Auto insurance rates will rise in 2023, survey finds: Here’s how you can save

US drivers face another year of high car insurance rates, a recent Insurify survey says. American drivers could face another year of rising car insurance costs in 2023 as inflation and rising claims push premiums to record highs, a recent report shows. Due to inflation and rising traffic accident rates, drivers saw their car insurance…