There are many factors that can cause your insurance to rise. It will depend on rating factors set by your insurer. These must of course abide by your state's insurance laws and a company's rating system must be filed with your state insurance regulator. Some factors that may cause your car insurance rates to go up include:
- A change in violation and/ or claims history
- A change in marital status
- A change in drivers
- A change in vehicles and/ or coverages
- A change in garaging location
- A change in credit history
- A change in vehicle safety feature discounts
- A change in vehicle use
So auto insurance rates can go up for a variety of reasons. Some reasons are under your control, such as your driving record. Getting a traffic tickets and being involved in an accident can both cause your car insurance rates to rise, depending on your state's insurance laws and your insurance company's rating system.
Your rates can also rise if you add more drivers to your policy. If the new driver is inexperienced or a teenager it can be an extra expensive. If you add more cars to your policy or buy a newer, more expensive model vehicle it can also add to the expense of your insurance premium.
Other rate increases can be out of your control, such as when a state allows insurance companies to raise their rates. Also you cannot control that vehicles cost more to fix than the year before and that medical expenses go up.
As these types of costs rise nationwide, the cost for insurance can also rise so that insurance companies can afford to pay out for claims. There are ways to keep your insurance rates low though.
Having a good driving record, taking traffic school, increasing your deductibles and asking for discounts are ways in which to keep your car insurance rates down. Driving fewer miles per year, fixing any problems on your credit history and shopping around for the best priced insurance policy are other ways in which to save.
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