Why Do Auto Insurance Premiums Increase?

Observing an increase in your auto insurance premium can be concerning. Let’s explore why this happens.

can go up due to personal factors like a new driving conviction or a claim. Industry-wide reasons include increased repair costs due to advanced vehicle technology, healthcare costs for injured drivers, and natural disasters.

Learn more about what you can do to manage your insurance costs in our article on Managing Insurance Premiums.

Contact us today to review your policy and ensure you’re getting the best possible rate.

While premium increases can be frustrating, understanding the reasons behind them can empower you to take steps to keep your insurance affordable.