Gephardt busts inflation: Auto insurance premiums are rising; here’s how you can still save money

Mar 18, 2022, 12:48 PM | Updated: Jun 19, 2022, 9:54 pm

SALT LAKE CITY — Inflation just doesn’t impact the physical goods Utahns buy in stores. It is also having an impact on less tangible but no less important things like savings accounts, investments and auto insurance. In fact, data shared with the KSL Investigators shows we are paying more to insure our cars — but here are some ways that will help us pay less.

“Less tangible things are also increasing,” said Rod Griffin, senior consumer educator at Experian, one of the nation’s major three credit bureaus.

Griffin said it makes sense why insurance premiums are going up with everything else such food, clothes and gas for your car.

“The cost of repairs, if you think about if you wreck your car, the parts to repair are going to be more expensive,” explained Griffin. “That’s going to increase cost to insurance company. So, your rates will likely go up.”


So, how can you “bust” those increases?

“It’s really important that you check the rates you’re paying and make sure you’ve got the best terms and best rates for auto insurance,” Griffin said.

As we have reported previously, a slew of things can get you insurance discounts — things you might not expect.

Data shared with the KSL Investigators from Insurance.com shows that being married can earn you an average discount of 8%. Your choice of profession can earn you a 12% discount. Owning a home can save you 7%. Good grades can lower your insurance by 16%. And even signing insurance documents electronically instead of the old-fashioned handwritten way translates to an average 9% drop in premiums for policyholders.

The largest auto discounts do tend to be in the driver’s control. Safe drivers pay, on average, 27% less. Those who have no accidents will save an average of 26% on their premium and bundling your car with your home insurance earns you a 14% discount.

So, this inflation buster is relatively easy: talk to your agent and make sure you’re getting all discounts available to you. Also, compare auto policies and consider switching to a different insurance carrier.

KSL Investigates

Lynzee Delapaz explains to KSL’s Matt Gephardt how her car was damaged when it collided with anot...

Matt Gephardt and Sloan Schrage

Get Gephardt: Who’s legally responsible for damage when cars collide in a car wash?

A Grantsville woman’s car was damaged inside a car wash when the vehicle ahead of her went off the tracks. So, who pays for the damage?

17 hours ago

Matt Gephardt speaking to Thelissa Mead about Hyundai not responding to her claims and getting her ...

Matt Gephardt

Get Gephardt helps Utah Hyundai owner seeking reimbursement for overestimated fuel economy

A major automaker was accused of saying their cars get better mileage than they really do, And they promised to pay their customers back. But when one Utah customer wasn't, she decided to Get Gephardt.

5 days ago

Candidates for the Republican primary's Utah’s 3rd Congressional District in a televised debate a...

Daniella Rivera and Annie Knox

KSL Truth Test: Fact-checking GOP candidates in race for Utah’s open US House seat

The KSL Investigators looked into claims from five Republican candidates vying to replace Rep. John Curtis in the U.S. House of Representatives.

5 days ago


Daniella Rivera and Annie Knox

KSL Truth Test: Fact-checking claims from GOP candidates for Utah governor

The KSL Investigators fact-check a range of statements from Utah's GOP gubernatorial candidates.

6 days ago

A debate for Republican candidates vying for Utah’s open U.S. Senate seat ended with a heated exc...

Daniella Rivera and Annie Knox

KSL Truth Test: Fact-checking claims from tense end to Utah GOP Senate debate

Utah’s Republican U.S. Senate primary debate ended with one candidate seemingly implying wrongdoing by another. The KSL Investigators put that claim through the KSL Truth Test.

7 days ago

Four Utah Republicans competing to replace retiring Sen. Mitt Romney in the U.S. Senate squared off...

Daniella Rivera and Annie Knox

KSL Truth Test: Fact-checking claims from Utah GOP candidates fighting to replace Romney

The KSL Investigators put claims from Republican candidates for U.S. Senate through the KSL Truth Test. Here are the facts, context and details you’ll need to get a better picture of the issues.

8 days ago

Sponsored Articles

Photo courtesy of Artists of Ballet West...

Ballet West

The rising demand for ballet tickets: why they’re harder to get

Ballet West’s box office is experiencing demand they’ve never seen before, leaving many interested patrons unable to secure tickets they want.

Electrician repairing ceiling fan with lamps indoors...

Lighting Design

Stay cool this summer with ceiling fans

When used correctly, ceiling fans help circulate cool and warm air. They can also help you save on utilities.

Side view at diverse group of children sitting in row at school classroom and using laptops...

PC Laptops

5 internet safety tips for kids

Read these tips about internet safety for kids so that your children can use this tool for learning and discovery in positive ways.

Women hold card for scanning key card to access Photocopier Security system concept...

Les Olson

Why printer security should be top of mind for your business

Connected printers have vulnerable endpoints that are an easy target for cyber thieves. Protect your business with these tips.

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light up your home with these top lighting trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for hassle-free computer repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Gephardt busts inflation: Auto insurance premiums are rising; here’s how you can still save money