Why Is My Car Insurance Going Up Every Year

This is the first time car insurance prices have dropped in over a year.

Why is my car insurance going up every year. If your car insurance rates keep going up every year it s important to comparison shop before you renew your policy. Why did my car insurance rate go up. Car insurance rates vary for every driver and your car insurance goes up every renewal period because of a variety of reasons including your own driving record increasing car prices and state laws. Compare car insurance.

These programs collect information about how you drive how much you drive and when you drive. If your car insurance premium recently went up there are several reasons why that might be. If your rates went up since last month s bill or you renewed your policy just to find out that your premium is 100 higher than it was last year you re probably asking how that happened. If you get a great deal on your auto insurance consider signing a one year policy to keep your rate as low as possible for as long as possible.

Auto accidents and traffic violations are common explanations for a higher price but there are other reasons why your car insurance premiums go up. Every time your policy is up for renewal the rate can be adjusted which explains why auto insurance goes up every 6 months. It s important to know that insurance premiums aren t raised on a whim and the reason for a rate increase is almost always tied to insurance risk. Although there are often strong reasons to stay with an.

The cost of car insurance is down 19 since last year to an average of 770. Your safe driving habits can help you save on car insurance in some cases up to 30 of the premium. Why does my auto insurance keep going up every 6 months. So if you have seen your auto insurance premiums increase you re probably asking why your car insurance went up for no obvious reason.

Federal consumer price index data shows that car insurance rates typically rise 3 to 4 percent annually but in december 2016 car insurance rates were up 7 percent from the previous year. Insurance companies use this data to personalize your car insurance rate based on your actual driving. You re a cautious driver you have no speeding tickets on your driving record and you haven t recently even hit a parked car in a garage. Make sure you find the car insurance company that offers you the best advantages for your needs.

Why your homeowners insurance rates went up. But it s still important to shop around. The cost of car insurance went down by 2 over the past 12 months. If you re feeling frustrated about a premium hike you re hardly alone.