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Are you frustrated by increasing Auto insurance premiums? While it’s true that inflation is as high as it has been in nearly 40 years, there are some reasons that may make more sense.

The cost of vehicle parts is up by close to 10%. Repair costs are affected by the car chip shortage and labor market pressures, meaning not only higher repair costs but also more time in the shop. Rental cars are needed for a longer period of time, further driving up the cost of claims. Used vehicle prices jumped more than 27% in 2021 and new vehicle prices are up more than 14%. As driving returns to pre-pandemic levels, accidents are on the rise again.

Premium increases are never welcome. The best way to make sure you’re not paying more than you need to is to call Karschner’s Insurance. Let us help!