“Why did my insurance premium increase? I haven’t been in an accident, gotten any tickets, or made changes to my policy.”
Sound familiar? This question is one insurance agents receive all the time. When the cost of your car insurance goes up at renewal, the increase can feel unjustified — especially if you’ve been insured with the company for a long time and haven’t had any tickets or accidents. I felt the same way when the cost of my auto insurance increased by 28% last year (yes, insurance agents are impacted by premium increases, too!).
But before switching insurance companies, there are two important things to keep in mind. First, rate increases aren’t unique to any one insurance company or geographic area. Premium increases are impacting drivers across the country for a variety of reasons. Second, and more importantly, there are things you can do to off-set any premium increase you receive.
(Watch: ABC News Report “Auto insurance costs rise, in part due to texting by drivers”)
Why are insurance companies raising rates?
At its most basic form, the premise of insurance is sharing risk and shouldering costs with others. Although your individual circumstances or driving behaviors may not have changed, all of us are impacted by the following:
How Can You Lower Your Car Insurance Premium?
Most importantly, drive carefully. Observing traffic rules and speed limits and avoiding moving violations and accidents is the best way to reduce your insurance costs over time. There are also many immediate solutions to lowering your auto insurance premium:
Emerge Insurance Agency Can Help
As independent insurance agents, we represent the Pacific Northwest’s best insurance companies, including Safeco, Travelers, Progressive and other top-rated companies.
We can advise you on your insurance options and ensure you’re still receiving the combination of value and protection that is right for your family.
Not a Emerge Insurance Agency client yet? Click here to request an insurance review by one of our agents, or call our office at 904-677-5884.
Cecil Williams -