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Surge in car thefts fuels increase in Baltimore City's car insurance rates
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If you’re paying more for car insurance this year, you’re not alone.
According to Insurify, a website that allows you to compare insurance prices, rates are up significantly this year compared to last. Across Maryland, policyholders have seen a 16% increase on their bills, driving the average rate from $162 a month to $188, which places our state among the top 10 most expensive for car insurance.
“Consumers are feeling that month over month and year over year dramatically,” said Senior Editor with Insurify, Chris Schafer.
Schafer says inflation, more accidents, and costly repairs are behind the overall price hikes. However, climbing crime is another contributing factor. One that’s hitting some regions harder than others.
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WBFF is a Maryland-based station and a FOX Television affiliate owned and operated by Sinclair Broadcast Group.
#WBFF #foxbaltimore #fox45news #Baltimore #Maryland
According to Insurify, a website that allows you to compare insurance prices, rates are up significantly this year compared to last. Across Maryland, policyholders have seen a 16% increase on their bills, driving the average rate from $162 a month to $188, which places our state among the top 10 most expensive for car insurance.
“Consumers are feeling that month over month and year over year dramatically,” said Senior Editor with Insurify, Chris Schafer.
Schafer says inflation, more accidents, and costly repairs are behind the overall price hikes. However, climbing crime is another contributing factor. One that’s hitting some regions harder than others.
_______________
Stay up to date with our social media:
Have a news tip? Send it directly to us:
Call the Newsroom: 410.467.5595
WBFF is a Maryland-based station and a FOX Television affiliate owned and operated by Sinclair Broadcast Group.
#WBFF #foxbaltimore #fox45news #Baltimore #Maryland
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