Texas auto insurance rates are climbing because of lousy drivers and expensive repairs

November 30, 2023November 29, 2023 Nordstrom

The Insurance Council of Texas released a statement about climbing premiums for Texan motorists. The Insurance Council of Texas recently released a statement to explain the rapidly rising auto insurance rates in the state that have been occurring since 2021. There have been several issues that have contributed to climbing premiums, but crashes top them. According to the community director of communications and public affairs for the council Rich Johnson, insurers have been slowly increasing their auto insurance rates since 2021. That year saw a substantial 20 percent increase following…

Texas auto insurance may get more expensive than pre-pandemic times

July 8, 2021June 4, 2022 Marc

A new report suggests that prices will return to where they were and may rise even higher. As drivers head back out onto the roads, Texas auto insurance prices are expected to climb, likely not only reaching pre-pandemic rates but possibly also exceeding them, said a New Mexico State University professor. As the country opens back up again, people are starting to drive their cars to live their lives. According to New Mexico State University professor from the Finance Department, Tim Query, at the start of 2020, when lockdowns from…