You are not alone if you’ve noticed an increase in your auto insurance rates. Many in South Carolina have seen increases. At C & H Insurance Associates LLC, we want you to know that there are logical reasons behind the increases.
Rising Automobile Costs
Vehicle prices have risen to the point where an average new vehicle costs over $40,000. More people are also choosing more expensive vehicles, like SUVs. Many new car buyers are also selecting more expensive comfort options, contributing to higher rates.
Technology
Vehicles today are more technologically advanced. They include crash avoidance systems, multiple cameras, and expensive infotainment systems to keep drivers entertained and connected, which can increase repair costs.
How Cars Are Constructed
Even a small collision can create expensive damage. This is due, in part, to cameras, radar, and other technology built into parts like fenders, doors, and bumpers. What used to be simple repairs have become increasingly difficult and expensive to repair or replace.
Rising Parts Costs
Supply chain issues and inflation have caused a rapid increase in the cost of parts, thus repairs. Even the cost of common items like tires, batteries, and brakes has increased rapidly.
Fraud
Unfortunately, a certain level of fraud has always existed in the insurance industry. Inaccurate or padded claims or repair costs can add to everyone’s car insurance rates.
Get a Price Quote From C & H Insurance Associates LLC
Comparing rates is one of the best ways to combat rising car insurance rates. Contact our South Carolina insurance professionals soon for a review and price quote. We will be pleased to help you maintain control of your auto insurance rates.
