There are several reasons auto insurance goes up.........Unfortunately some of those reasons may have absolutely nothing to do with you. Remember, all insurance is is a big pool of money. Policy holders are grouped together and pay premiums into the pool. When a claim happens, money is pulled out of the pool. If too much money is pulled out, then more money has to be put in so premiums go up.......I know this is a very simplistic explanation and the realty is much more complex, but it is a fact that if a bunch of other people in your "pool" (your state or region) experience a lot of acidents or other losses - the rates for everyone in that "pool" are going up no matter if you have had an accicent, ticket or anything else.
Of course, there are individual reasons why you premiums coud be going up based on your driving record, personal characteristics, etc. Give your agent a call and they should be able to break your premium down and explain what part of an increase pertains to you specifically and what part is a rate increase by the carrier.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Premiums charged by an insurance company reflect both risk and experience. In other words, your premium may increase because the experience in general with your particular car model may be less than favorable with regard to loss claim settlement and repair costs. Likewise, your driving history and experience may also influence what you are paying. Look to maximize all the available discounts in order to manage your insurance costs.
.JPG){kind=avatar}
Of course, there are individual reasons why you premiums coud be going up based on your driving record, personal characteristics, etc. Give your agent a call and they should be able to break your premium down and explain what part of an increase pertains to you specifically and what part is a rate increase by the carrier.