Why did my car insurance go up?

Did you recently get into an accident where you were at fault?

When you get into an accident and are considered the one at fault, more than likely your rates will go up. Although, insurance company to insurance company the options differ. Some companies offer accident forgiveness. Accident forgiveness will allow you ONE at fault accident without seeing an increase in your monthly payment. But please keep in mind there is an additional cost added to your premium for this feature. If this is something that interests you, call us and speak to an agent. We’re always available to help.

Are you getting older?

I think we all are. As we get older together there is a point where our rates will go up. On average that age is 70 years old. In some scenarios, elderly people are treated the same as teenagers. When we’re younger we’re developing our driving skills, and as we start to get older we lose a step or two in the process. Not much we can do except ask for a senior discount.

Did you let your insurance lapse?

When you allow your policy to lapse you will encounter different issues. A lot of times you’ll be required to pay a fee to reinstate your policy. But most importantly, you’ll be without coverage in most situations.

Did you recently move?

If changed addresses and the new zip code you’re living in has a higher than average accident rate, more than likely you’ll see a rate increase. In addition to this you may need to drive further to get to work and see your friends. Driving more will create a hike in insurance premiums.

Did you recently get a traffic violation?

This is a very common reason for your insurance to go up. Violations are put into 2 categories, major violations and minor violations. Some violations will affect your record more than others. The best way to have a violation not effect your record, is to fight the ticket in court and win. An additional way to avoid an increase in monthly payments, is to buy minor violation forgiveness. Please check with a broker to see if this available in your state.

Minor Traffic Violations

• Failure to Yield
• Following Too Close
• Improper Backing
• Improper Passing
• Traffic Device / Sign
• Speeding

Major Traffic Violations

• Attempted Felonies
• Open Bottle
• Careless Driving
• Drag Racing
• Driving Under Influence
• Fleeing from Police
• Vehicular Homicide
• Passing School Bus
• Driving Under Suspended License
• Wrong-Way

Wrapping up; These are only a few of the many reasons you could be experiencing an increase in your auto insurance rate. If we weren’t able to answer your question in this post, reach out to us. We’d love to hear from you!