LOUISVILLE, Ky. (WDRB) -- The rising cost of auto insurance is a sticking point for families, with some people spending 3% of their income on car insurance alone.
What's worse: the rate hikes may not be done.
One woman is learning this after her insurance has increased almost $900 in the last six months. She thought it was a mistake.
Some drivers are getting even bigger rate hikes because their vehicles are susceptible to crime.
A combination of soaring costs of auto parts and labor rates are causing this.
So what can you do?
- Compare companies at a site like Zebra, or Nerdwallet
- Ask your current insurer if they will match
- Older car? Consider dropping collision coverage
For your next car, consider one cheaper to insure, like a Toyota Camry or Rav-4.
Even a good driving history may not protect your from big rate hikes.
To read more Don't Waste Your Money stories, click here.Â
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- Mamili to hold grand reopening Saturday in new St. Matthews location
- Local brewery to close Louisville, Lexington locations for good
- Historic Colonial Gardens in south Louisville on the market for nearly $5 million
- Burdorf Interiors in Louisville closing after being in business since 1867
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