Nearly 3,300 cars have been stolen since Jan. 1 or one auto theft every 34 minutes in Memphis, according to Memphis Police Department.
That’s compared to fewer than 1,300 during the same period last year, according to the department’s data.
As a result, the massive spike in auto thefts is causing car insurance prices to rise.CLICK HERE to join KWAM’s “Stop Memphis Crime” page. Follow our army of citizen journalists as they report crime news across the city.
A&S Insurance Solutions co-owner Shade Sullins said many people have been calling to ask why their insurance rates have gone up.
“These factors like hit and runs and auto thefts, when they start paying out more money than what’s going in, then they would have to adjust that price,” Sullins told Fox13. “It’s definitely hitting the paycheck-to-paycheck people the most, but it cuts into everyone’s cost.”
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