The cost of car insurance in the Golden State is continuing to rise.
The cost of car insurance continues to rise across the Golden State, according to KFSN in Fresno.
According to the Insurance Information Institute's Janet Ruiz, during the pandemic, because there were fewer cars on the road, officials did not approve hikes; however, things have since changed.
A statement by Ruiz, "the higher costs of repairing and replacing labor have been looking at, and the Department of Insurance has been looking at and increasing rates appropriately."
Additionally, according to Ruiz, auto insurance companies have been harmed by thefts, particularly of Hyundai and Kia vehicles.
"Despite the fact that car theft has been on the rise overall, those automobiles did not have immobilizers installed, making them less likely to be stolen. Exhaust systems were being taken to get rid of," said Ruiz.
In addition, Senate Bill 1107 increases the financial burden by increasing liability costs while attempting to provide drivers with greater protection.
"The California responsibility limits with the $15,000 per individual, $30,000 per mishap, $5,000 property harm, there going to go up to $30,000, $60,000, $15,000, so the inclusions will raise as of January 2025," said Mariela Alejandre, with fiesta auto insurance.
According to Mariela Alejandre, insurers have also left the state due to the high costs.
While they assist individuals with getting the best value for their money, she understands the dissatisfaction drivers are confronting.
Alejandre stated, "We understand the difficulty of maintaining your auto insurance, but again, there are always options." "In the past two years, mine has gone up by $200."
Because this is a necessity, Alejandre suggests increasing your deductible to reduce your monthly costs and comparing rates.
Alejandre stated, "What we have noticed is that many drivers are driving without insurance, and it is very very important to have insurance."
