With everything from gas prices to rent already climbing, Las Vegas drivers are now facing another big hit — higher auto insurance rates.
Six major insurance companies in Nevada will be raising rates by at least 10% in October.
So, what’s driving these costs, and what can you do to manage your premiums? I met with a local whose story may sound familiar and an insurance agent to help me get those answers for you .
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“I just came from mental health counseling, it’s too high,” said valley resident Bob Hirch.
Bob said moving to the valley from the east coast three years ago seemed like a good idea until he saw just how much he’s paying for car insurance.
“My rates in Maine were half of what they are here,” Bob said.
He told me the cost of everything is high. He had to downsize from his home just to keep a roof over his head.
“We are not able to find the cash flow every month to handle the insurance and everything else,” Bob said.