Possibility of Miss. auto insurance increase

Possibility of Miss. auto insurance increase

WLOX - According to the Property Casualty Insurers Association of America, Mississippi residents could paying more for car insurance in the future.

Vehicle accidents are on the rise in the state; which is now ranked sixth when it comes to the average loss per insured car in the United States.

Also on the rise are insurance claims. As a result, Mississippi motorists could see premium increases on the horizon.

State Insurance Commissioner Mike Chaney says he's concerned about how the disturbing trend might impact insurance rates, and is working to minimize the pain on Mississippi motorists.

"We estimate and what we're being told by the industry is that we're looking at something between 10 and 20 percent, or even higher, in automobile insurance increases. What we're doing at the insurance department is calling companies in and having a dialogue to make certain that we don't have these staggering increases. I have five rate increases on my desk. I have not granted any of them and don't plan to grant what they've asked for," said Chaney.

According to the Insurers Association, factors behind the increase in accidents and claims include traffic delays, poor road conditions, no ban on hand held cell phones and unsafe driving behavior, such as seat belts not being used and drunk driving.

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