09/05/2023

Drivers Squeezed as Auto Insurance Costs Soar Across the U.S.

Insurers blame repair costs, increases in disaster-related claims

Car insurance is a growing burden for Kalisa Hobbs.

Hobbs, who lives near the northern shore of Louisiana’s Lake Pontchartrain, said the cost of her auto coverage jumped almost 30 percent this year when State Farm added hundreds of dollars to her annual premium, raising it to $1,806. "I'm not going to go hungry or homeless, but like everybody else I live on a budget, and when that budget gets interrupted, it's difficult," said Hobbs, 56, who works as a paper mill communications manager. "It's just on my credit card, and I'll pay it off when I can."

Hobbs has been swept up in a larger trend affecting hundreds of thousands of American drivers: soaring car insurance rates, with some states seeing increases above 50 percent in the past year.

Please select this link to read the complete article from The Washington Post.