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Auto rates expected to jump and additional 6%

Posted at 6:46 AM, Nov 06, 2020

You could soon pay more for car insurance.

Data scientists with Insur-ify are predicting auto rates to jump 6% next year.

But even if you are driving less because of the pandemic, experts don't recommend canceling your insurance.

Two months without it would likely end up costing you on average $180more.

To save money you could reduce your coverage policy.

Shopping for different policies with different companies is always recommended.

Laws limit how much profits auto insurance companies can make.

If you think you're being unfairly priced, you can contact your state insurance commissioner or representative.