BIRMINGHAM, Ala. (WBRC) – WBRC is On Your Side with news that no one is going to be happy to hear; more money could be coming out of your pocket. Consumer reports says car insurance rates are 20% higher than they were last year.
It’s not just one thing contributing to the higher rates we’re seeing, but Consumer Reports says it all comes back to inflation and cost.
“It costs more to fix a car, so insurance companies have to pay more to fix them,” said Consumer Reports Autos Reporter Benjamin Preston.
And that cost might be trickling down to you. Preston says car insurance rates are 20% higher this year.
“All those inflation numbers you’ve been seeing have contributed to it and then all the supply chain delays over the past several years. There have been limited parts availability that have driven up cost and prices on parts and there are …