Car insurance rates on the rise

The price of everything is going up these days. Now you can add one more thing to the list, car insurance.

Crumpled metal and shattered glass often the result of accidents we see on the roadways every day. We are all required to have insurance in Michigan to cover the cost, but the experts says rates are going up.

Bob Pierce, MI assoc. of Insurance Agents: "Everything is interrelated in today's economy, when prices go up in one arena they impact another"

Pierce says it's hard to say exactly how much prices are going up because there are so many different factors in insurance rates but he says the reason for the increase is simple.

Source