It was reported earlier in the year that Texans should expect a 10% increase in auto insurance. But that has more than doubled, as car insurance rates have increased to 23%. Experts says there could be another 10% increase in a year.
SAN ANTONIO — Lupito Acuña can be found all over San Antonio with his camera on his hip.
He’s always on the road, showing up to community events, capturing those moments, but one thing he didn’t see coming was a jump in car insurance rates. It was reported earlier in the year that Texans should expect a 10% increase in auto insurance. For many Texans like Acuña, it’s been a lot more than that. James Cardenas, an insurance broker, said a higher rate of claims is partly why Texans are seeing that increase.
Cardenas says rates at different companies are virtually the same. He added that the market is also shying aware from customers who jump around from one insurer to the next.
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