COLUMBUS, Ga. (WTVM) – Many drivers are experiencing an increase of their auto insurance coverage charges this yr. The pattern is obvious throughout Georgia, Alabama, and the complete nation, with the price of auto insurance coverage premiums climbing considerably.
Based on Rod Griffin, senior director of public schooling and advocacy for Experian, a credit score reporting company, financial situations are a major issue influencing these will increase.
“The inflation, you already know, it’s type of the reply for every part about costs proper now, it appears,” Griffin stated. “And the costs are going up on every part and the identical factor is true for auto insurance coverage. It’s elevated just a little over 20 % within the final yr and is hitting individuals’s pocketbooks fairly exhausting. The insurance coverage corporations must pay for the elements when you’ve gotten an accident or others have accidents and people costs have gone up.”
In an interview with Information Chief 9, Columbus resident Jossie Hill shared that she used to pay over $400 for automotive insurance coverage. After switching suppliers, she’s now saving roughly $100 every month. Hill expressed that the earlier quantity was fairly steep for auto insurance coverage.
“All of our cash can’t go to our automotive insurance coverage, you already know, and I’m simply fortunate to nonetheless get full protection,” Hill shared. “However some individuals can’t try this. Some individuals simply going for no matter they’ll get…legal responsibility and that’s actually terrible.”
Griffin says there are methods to save lots of should you understand your insurance coverage is rising.
“One of many methods to try this is to buy insurance coverage higher insurance coverage charges,” he defined. “And we may help do that have. We now have an insurance coverage market. We work with 40 of the most important insurance coverage corporations within the nation and we’ll examine charges for you and allow you to know if there’s a greater fee.”
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