Car insurance premiums are rising sharply this year. Here’s why | Business

As homeowner insurance premiums skyrocket, Florida drivers are getting an extra nasty surprise this year: Sharply increased auto insurance renewal rates.

Ana Curbelo says her monthly premium increased from $170 to $280 to insure her 2004 Toyota Camry. “It’s crazy for this minimal coverage,” she said. “And I’m over 50.”