Why Are Auto Insurance Premiums Going Up And What Can I Do About It?

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By ALLEN MCQUISTON
Jemez Insurance Agency
Serving Los Alamos Since 1963

Why Are Car Insurance Rates Going Up?

There are many reasons for the current auto insurance rate increases across the market. Here are some of the notable ones.

Severe Accidents

There was a rise in the severity of automobile accidents between 2020-2022. In fact, fatal car crashes were up 15% in 2022 as compared to 2020.

Increased Vehicle Value

Another contributor affecting the auto insurance market: the…

Continue reading this news update.

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