> Washington sees sharp rise in auto insurance premiums
Washington sees sharp rise in auto insurance premiums
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Last year, the Washington State Office of the Insurance Commissioner approved a 24% average base rate change for insurance companies.
Washington hasn’t seen an increase that high in some time, and people in Tacoma are shocked.
“I bought a new KIA hybrid because I drive a lot as a musician, and my insurance went up, like ... a lot,” said Sarah Viens of the Lincoln District.
Washington law requires drivers to have liability insurance or another way to assume financial responsibility for potential damages. Car owners in the state spend $128 per month on average on car insurance, which is still less than the national average.
Now people are trying to find ways keep their payments down as rates rise.
Read more: https://www.king5.com/article/money/washington-rise-auto-insurance-premiums/281-173eea3f-16be-468e-a828-1e7637b17bb0