Even in the middle of a recession, car insurance companies continue to raise their rates and people are forced to pay them — or switch to another insurance carrier.

Soon — approximately 40% of all people living in Georgia will be hit with higher car insurance rates. According to a story put out by the AP on Macon.com:

ATLANTA — As Georgians struggle to cope with an ongoing recession, their car and home insurance rates are on the rise. Hit hard by storms and losses on Wall Street, insurance companies have been increasing their rates this year in Georgia and in other states.

According to the Georgia Department of Insurance, four of the largest insurance companies operating in Georgia are raising their average homeowners’ insurance rates by 5 percent to 11 percent this year.

The rate hikes by State Farm, Cotton States, First Liberty Insurance Corp. and Nationwide Mutual Fire Insurance were approved by the agency and affect nearly 40 percent of the state’s homeowners, The Atlanta Journal-Constitution reported on its Web site Saturday.

If you are living in Georgia and are faced with rising car and home insurance rates – one of the best possible things you can do to save money is to get multiple Georgia car insurance quotes to be assured that you are not paying too much for your Georgia car insurance.

Get Your Free Georgia Car Insurance Quotes Now!