The average yearly auto insurance premium in Arizona is about $2,000, according to a June report from insurance comparison site Insurify.
The site predicts rates will jump to around $2,200 by the end of the year.
Data from the state Department of Insurance and Financial Institutions shows rates jumped 9% between 2018 and 2022. Insurify expects rates to spike by 22% this year alone.
Both Insurify and the department say the main reasons for the hikes are more expensive cars and maintenance.
Department spokesman James McGuffin says the state does not set rates and is only allowed to make sure there are enough options for consumers.
“The claims that are being paid by insurers are actually increasing, you know for a variety of reasons. But that’s one of the things, the more they pay out, the more insurers pay out the more rates go up," he said.
McGuffin says the state can only check to make sure consumers are treated equally.
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