You may have noticed that lately, things just seem to be getting more expensive. From groceries to gas, everything seems to be costing more and more. And unfortunately, the insurance industry is no exception. With inflation on the rise, auto insurance companies are feeling the squeeze too. They’re dealing with higher costs for things like claims, repairs, and legal fees. And, to keep their heads above water, a lot of them have had to raise their rates. So, unfortunately, that means we’re all paying a bit more for our car insurance these days.
This article will break down the major factors behind the recent rate hikes, and give you some helpful tips on what you can do to lower your rates. Let’s get started!
