WHY IS AUTO INSURANCE GETTING SO EXPENSIVE?
Auto Insurance Rates by the Numbers –
USED CARS: Used car prices have increased by an average of 47.9%.(2023 Lexis Nexus Auto Insurance Trends Report )
VEHICLE REPAIR COSTS ARE UP: The parts and equipment cost for motor vehicles has increased by 23.8%. [Edmunds Used Vehicle Report (Q3 2023)]
BODILY INJURY CLAIMS ARE SOARING: Bodily injury severity has increased by 40%. [Auto Insurance: The Uncertain Road Ahead (2023, American Property Casualty Insurance Association)]
CLICK HERE for 5 Forces Driving Commerical Auto Insurance Costs
CLICK HERE for CBS New MoneyWatch report, Car insurance rates jump 26% across the U.S. in 2024, report shows
More than anything our team at Churchwell Insurance Agency wants you to know that we feel your pain and we are here for you! These unprecedented increases have us on our toes working hard for our clients. If you feel that your renewal is out of line with the market and you want our team to get to work re-shopping your policies give us a call 844.604.1357. We work for you, not the company we placed you with!
