California motorists are grappling with a sharp rise in auto insurance premiums, influenced by inflation, growing traffic volumes, accidents, and heightened crime rates.
Joel Laucher of United Policyholders, a consumer advocacy nonprofit, attributes the escalating costs primarily to inflation and the complex technology in newer vehicles, including electric cars.
Recent data from Bankrate reveals that Los Angeles drivers are experiencing a 26% increase in insurance rates compared to last year, paying an average of $3,600 annually for full coverage, significantly above the statewide average of $2,600. This spike in costs is pushing many, like Miguel Serna, a Los Angeles resident and soon-to-be college student, to tighten budgets elsewhere.
Drivers across the city are finding creative ways to cope with the financial strain, from cutting costs to taking on side jobs. Laucher points out that urban areas, with their higher traffic and crime rates, often face steeper premiums than rural locations.
To combat the California auto insurance increase and related rising costs, he suggests maintaining a clean driving record, securing vehicles in garages when possible, and exploring higher deductibles or available discounts with insurers.
For those dealing with accidents or auto body repairs, finding a reliable service is crucial. Visit Collision Connect to access a network of vetted collision centers across California, ensuring quality and reliable repair services for your vehicle.
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