You might have noticed your auto insurance premium rising considerably when getting your renewal notice. Car insurance rates continue to rise across the country throughout 2023. According to a new MarketWatch Guides report, Wisconsin has seen a 38.9% increase this year alone. Phil Schmitz of Schmitz Insurance says the reasons include inflation after the pandemic, supply chain issues, and the cost of automotive repairs.
He says many insurance companies have pulled out of the state for auto and home underwriting due to weather-related losses and increased claims.
