April 15, 2024

Auto insurance rates spiking more than 10% ; how to save money now

by Cynthia Gould

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An alarming rise in auto insurance premiums hitting drivers, in some cases up 10-20%. There are some ways to cut your rates shaving hundreds of dollars off your bill every month.

Blame the escalating costs in part on the lingering effects of the pandemic. When drivers hit the road again, a spike in fatalities followed. “Everyone forgot how to drive and that meant more insurance claims,” explained Leslie Kasperowitz, Managing Editor at insurance.com. Supply issues drove up the cost of repairs for today’s high tech vehicles.

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