Californians are in for another bill increase: car insurance
Some California drivers will be getting a nasty surprise when they open their car insurance bills this year. That's because California Insurance Commissioner Ricardo Lara approved some big rate hikes in the last six months, ending a long COVID break after insurance companies complained they were losing money and cutting back in the nation's largest vehicle market. Higher rates for Geico, ...
by Ronald D. White, Los Angeles Times
Feb 21, 2023
3 minutes
Some California drivers will be getting a nasty surprise when they open their car insurance bills this year.
That's because California Insurance Commissioner Ricardo Lara approved some big rate hikes in the last six months, ending a long COVID break after insurance companiesthey were losing money and cutting back in the nation's largest vehicle market. Higher rates for Geico, Mercury and others are just now showing up in insurance renewal letters that customers receive.
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