Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
Indeed it does, although occasionally, you may see a decrease in your rates. The price you pay for your coverage is based on may factors, including the average value of other vehicles on the road, the number of uninsured and underinsured drivers, the cost of healthcare and the amount and number of judgement that are awarded to other drivers.
One way to help keep your rates down and maintain them at somewhat affordable levels is simply to shop for new quotes every 2-4 years. Keep in mind that online quotes are free and you will easily be able to compare prices of many carriers in a short period of time.
You do not have to change insurers, but sometimes, you see a substantial savings that is enough to warrant making a change.
While you will see the occasional auto insurance rate decrease, rates generally go up for the same reasons so many things do. When parts and labor costs go up, auto insurance companies pass those increases along to the consumer. In addition, insurance companies costs go up due to increased frequency of claims either in terms of accidents or a run of bad weather, increased medical costs and increased judgments brought against negligent drivers. From 2003 to 2009 the national average vehicle liability award has increased from $223,000 to $388,000. In the Midwest, 7% of those awards exceeded $1,000,000.
A word of caution: shopping is an excellent idea. But if you are a do-it-yourself sort of person and do not turn to a professional for advice, be sure to not short-change yourself on coverage to save money. Better to have the insurance company pay those awards previously mentioned than to have to give up a portion of your income toward wage garnishment to pay them.
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One way to help keep your rates down and maintain them at somewhat affordable levels is simply to shop for new quotes every 2-4 years. Keep in mind that online quotes are free and you will easily be able to compare prices of many carriers in a short period of time.
You do not have to change insurers, but sometimes, you see a substantial savings that is enough to warrant making a change.
A word of caution: shopping is an excellent idea. But if you are a do-it-yourself sort of person and do not turn to a professional for advice, be sure to not short-change yourself on coverage to save money. Better to have the insurance company pay those awards previously mentioned than to have to give up a portion of your income toward wage garnishment to pay them.