Post by DRIVERS BEWARE on Aug 13, 2023 11:26:12 GMT -5
It will cost you 19.5% more to repair your car now than it did a year ago, according to July’s Consumer Price Index report, released Thursday by the Bureau of Labor Statistics. Another hefty expense is car insurance, up 17.8% from a year ago. Car repairs and car insurance were the second- and third-largest annual price increases, respectively, tracked by the CPI.
On top of that, car maintenance and servicing, body work, tires, parts and equipment and even state registration and licensing fees are all costing drivers more.
Pam Franks, a retired Louisiana state Medicaid analyst, balked when she got a notice from State Farm informing her that her six-month policy for her 2017 Toyota Camry would increase by 41% to $408 this August.
“It’s aggravating when I haven’t had any wrecks or tickets,” Franks, who lives in Pineville, Louisiana, told CNN.
On top of that, car maintenance and servicing, body work, tires, parts and equipment and even state registration and licensing fees are all costing drivers more.
Pam Franks, a retired Louisiana state Medicaid analyst, balked when she got a notice from State Farm informing her that her six-month policy for her 2017 Toyota Camry would increase by 41% to $408 this August.
“It’s aggravating when I haven’t had any wrecks or tickets,” Franks, who lives in Pineville, Louisiana, told CNN.