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Wednesday, January 04, 2006

Mississippi car insurance cost going up

As of the first of this month the minimum cost of liability insurance that Mississippi drivers must carry will double.

"Drivers will see anywhere from a 10 to 25 percent increase in their premium depending on age, driving record and their experience,'' said Joe Bryant, an agent with Shelter Insurance in Hattiesburg.

Reportedly the costs went up because the premiums were not enough to cover the high costs of the car insurance payouts.

As a side note - driving without an auto insurance in Mississippi carries a $1,000 penalty.

Also, while many drivers expressed their discontent over the new regulation, it will affect only a small portion - those who carry the minimum amount of insurance required.

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