Georgia Auto Insurance Rates Rise

As if gas prices weren’t enough to make you want to get rid of your car, now Georgia has raised auto insurance rates as well. The state has passed a new law that injures those that currently have car insurance, and prevents many from being able to get it at all.

The new law does not require auto insurance companies to get state approval before they raise their rates on their car insurance premiums. The law allows the auto insurance companies to raise or lower rates at will, which of course means that they will – and they did.

According to InsuranceQuotesUS.com, Georgia residents have seen a sudden increase in their car insurance rates. On average, residents have seen a 7% increase to their existing auto insurance policies. For some drivers considered high risk, they have seen their rates double – and as it is mostly the elderly and teen drivers, they can ill afford the increase.

However, some auto insurance companies have not raised their rates. Experts say that it would behoove those that have seen an increase in their auto insurance to change their policies. They should be shopping around to see what they can get instead, at a lower rate. They say that some auto insurance companies have not changed their underwriting criteria and premium rates, while others have only increased them minimally.

These are the companies that residents should be putting their policies with, for these are the companies that probably care about their policyholders. The other auto insurance companies are aware that they can increase rates and there is nothing their policyholders can do about it. That is where they would be wrong, for they can always go somewhere else.




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