Bad news for most drivers – car insurance premiums are going up, and it doesn’t matter if you have a clean driving record.
That means some people will be in for a bit of sticker shock. People who’ve renewed for the year are already reporting rate hikes of $12 to $18 per month.“Mine is ridiculous,” Harris said. “It’s terrible. Especially when you don’t get that much on your job.” Combined with inflation and other rising costs, Harris said he’s had to come out of retirement and go back to work.
“Insurance companies are a little nervous about having enough funds to pay for all the claims, so they put in requests to increase their rates,” said David Forte, the Senior Policy Advisor on Property and Casualty. He says inflation is just one of a swath of reasons compounding to make insurance more expensive.
Kenton Brine is with the Northwest Insurance Council, a nonprofit that looks out for customers. Brine says the good news is there are about 200 car insurance providers in Washington state, making it a competitive market where companies want to hold on to your business.
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