Auto insurance rates to increase in 2023

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Auto insurance rates to increase in 2023
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Inflation strikes again, you're going to be paying more for car insurance. Those rates going up again in 2023. Experts are forecasting an average car insurance increase of 7% next year, so right now, is the time to shop for the best rates.

BIRMINGHAM, Ala. - Inflation strikes again as consumers will soon be paying more for car insurance when the rates go up again in 2023.

Experts say insurance rates are on the rise because cars are getting more expensive and insurance companies have to pay more to fix and replace them, so those costs get shifted onto consumers.

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