Here’s why your car insurance rates are rising

The cost of insurance for cars and trucks has lately soared, as the majority of drivers are aware.

 August had a 1.3% increase in auto insurance rates, while September saw a 1.6% increase. 

That translates to an annual inflation rate of 15% to 19%.

Larry, a Geico client in Naples, Florida, phoned and spoke with a customer care representative after his monthly vehicle insurance price just increased by $70.

In a ConsumerAffairs review, Larry said, "She couldn't provide me an explanation because we have had no accidents, citations, or claims within the last five years." 

"I stated that I was curious as to why my monthly fee increased by $70.


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