Right here’s why your automobile insurance coverage charges are rising

Photograph (c) Invoice Oxford – Getty Photos

As most drivers are conscious, the price of insuring a automobile or truck has skyrocketed not too long ago. Motorcar insurance coverage prices rose 1.3% in August and 1.6% in September. That’s an annual inflation price of between 15% and 19%.

Larry, a Geico buyer in Naples, Fla., instructed us his automobile insurance coverage premium not too long ago went up by $70 a month so he referred to as and talked with a Geico customer support rep.

“She couldn’t give me an evidence and now we have had no accidents, tickets, or

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