Tsb car search driver#

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Barone told CNN his father, who also has USAA auto insurance, but lives in Tampa, said he saw his rate almost double six months ago from $245 a month to $409 a month.

Tsb car search driver#

He’s not the only driver dealing with this. His rate would have been at least $50 a month higher if he didn’t lower his liability coverage and increase his deductible to get a cheaper rate, he said. Then, last month, USAA increased his rate to $278 a month. Barone, who lives in Jacksonville, Florida, didn’t see another increase until February, when USAA informed him that his rate would be going up to $226 a month. When he got a new Volvo sedan in 2021 his monthly rate increased slightly to $170. In 2020, Barone, 26, was paying $140 a month for car insurance. Kyle Barone is experiencing some of that first-hand. To compensate, they’re raising rates - or, in some cases, pulling out of states that are prone to extreme weather - according to Insurify, an insurance comparison website.

That’s because insurance companies have to cover more claims as a result of these events, leaving them with higher losses. That’s the biggest annual increase since 1976.īut in Florida, where extreme weather episodes are increasingly more prevalent and destructive, the cost is hitting even harder. Across the United States, the cost of car insurance is up 19% compared to a year ago, according to August’s Consumer Price Index report released on Wednesday.