Search
Close this search box.
Friday 26th April 2024

Auto insurance rates rise dramatically

wrta-logo-sm
wrta-logo-sm

A report by WTAJ indicates that the auto industry reports that insurance rates are rising, at an alarming clip due to what they call an increase of drivers on the nations roadways, that are way up from when the pandemic took a lot of drivers off the road. Also, the industry is blaming the supply chain snafu for m ote being ab le to secure replacement parts for autos, making them a higher risk thus giving insurance companies the opportunity t raise rates. According to the report, rates have increased 15% from a year ago. A Penn State professor says once the supply chain issue resolves itself, prices will start to to come down.

Loading...