Auto and home insurance rates are going up - WALB.com, Albany News, Weather, Sports

Auto and home insurance rates are going up

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By Delivrine Registre - bio | email

ALBANY, GA (WALB) - There is more bad news for Georgia drivers and homeowners during this recession. Insurance rates are on the rise.

The Georgia Department of Insurance says four of the largest insurance companies operating in the state are raising their home insurance rates by five to 11 percent this year.

Auto insurance rates are also rising, but not as sharply. The average rate hike for auto insurance is 2.4-percent.

The hike comes after those companies suffered losses from spring storms and Wall Street.

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