Traffic & Transit
CA Drivers May Face Third Highest Car Insurance Spike In Nation: Report
The average cost of insurance is expected to reach an unprecedented amount this year, according to a new report.
California drivers could face the third highest auto insurance rate increase in the nation, despite much of the U.S. seeing premiums fall, according to a new national report cited by KMPH, Fox 26 News.
The report claims that insurers in California are raising premiums by 6.13 percent, which has fallen since last year's 16 percent hike. However, this is still far above the national average increase of .67 percent.
"These prices increases are tough, you know, unless unless your salary went up by 6% or is going to go, if you're going to 6% raise this year, then you'll kind of break even on insurance," Rob Bhatt, an insurance agent, told KMPH.
Find out what's happening in Across Californiafor free with the latest updates from Patch.
This year, the average cost of insurance is set to reach $221 a month in 2026, the report says.
This will also depend on where you live; drivers in Northern California are forecast to have the lowest premiums while Southlanders can expect to see rates at 57 percent above average, according to the news station.
Find out what's happening in Across Californiafor free with the latest updates from Patch.
"A big thing to do is shop around for quotes, try and find a better deal. It takes a little bit of leg work, but often times the savings can be substantial," Bhatt said.
Read more from KMPH: California drivers see third-highest car insurance hike despite national decline
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