Car insurance premiums in WA to creep up, commissioner warns

Car insurance premiums in WA to creep up, commissioner warns

INSURANCE
By Seattle Times staff reporter Car insurance premiums are set to increase this year, though Washington drivers will be spared the brunt of it, according to the Washington Office of the Insurance Commissioner. After years of little or no increases, car insurance premiums rose a whopping 8.4% nationwide in 2022. In Washington, that increase was closer to 2%, according to a report by LendingTree's Value Penguin.The report is forecasting that the average annual cost for car insurance in 2023 will be $1,536 in Washington, which is around 14% lower than the national forecast. Washington ranks 34th in the US for car insurance premiums. Insurance for new electric vehicles will be 28% higher across the country and in Washington, and drivers with traffic violations will see a 56% increase on average…
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