Why Is My Car Insurance So High?

Ever wonder what makes your premium higher than others? Why has it risen to a point where you may struggle to afford it? Find out the top 10 reasons that can explain. You may be surprised with the causes and solutions can be much simpler than you think. If you find you are relating to these 10 questions, it is definitely time to get quotes and compare them.

  1. Why Is Insurance So Expensive for Teenage Drivers?

Besides exotic cars, teenagers are the most perilous for carriers because they have the most alarming number of accidents and fatalities of any other group of drivers. Look for good GPA discounts, get on a family plan if you want to save. Furthermore, don’t exacerbate the situation by buying one of the most expensive cars to insure, which could further double the premium.

  1. How Much Does Insurance Go Up after a Minor Accident?

If you are looking to keep low rates, avoiding claims is a sure-fire way to do so. Claims often result in renewal quote increases, especially for accidents in tort law states where you were found at fault for violations such as speeding, aggressive driving or careless driving. Even a minor accident claim can cause around thirty percent hike. You may want to consider making a claim when you have a minor, containable damage to the automobile or pay it out of pocket.

  1. I Only Missed a Few Payments?

Missing a few payments may not immediately cause a problem. Yet if you miss more than one or two in a row, the provider can terminate coverage. When you attempt to get insurance again, the premium will generally be much more than previous policy because of the payment risk. They don’t like to be messed around when it comes to payments and can find ways to get back at you.

  1. Are City Premiums More Expensive?

If you lived in a rural county town where the population is low and traffic congestion was not an issue, and then moved to a large metropolis with congestion, you may quickly notice the difference in price. Congestion and traffic volumes of large cities cause more accidents and auto theft and crime tend to be higher. City rates often reflect these risk factors. Check that post to see how you can reduce the cost in a metro area.

  1. Why is My WRX’s Insurance so High?

If you have taken a normal compact or sedan and put in racing parts, custom equipment and fabricated parts, it is likely that it is now more expensive to insure it. These extra parts are much more expensive than original manufacturer parts and cause a spike in costs. You should always check beforehand how modifications would affect quotes.

  1. How Much Does Insurance Go up after a Ticket?

Often drivers think they can keep their low prices because they never had a major moving violation. Yet, many small infractions can often warn companies about potential aggressive driving behavior that could lead to more infractions and increased risk. Even multiple small speeding tickets can cause problems. If you ever ask how much does my insurance go up after a ticket you can find out by reading the post. By the way, the answer is no, just in case you ask do parking tickets affect.

  1. Never Paid This High in 50 Years of Driving?

In that case you may be asking why do auto insurance rates increase all of sudden. If you have recently had your 70th birthday, often you will notice a a tick up. Studies show that those over 70 years old are the second most dangerous driver type next to teenagers. This increased risk of accident or claims often results in higher prices for seniors. No matter if the problem is being young or old, finding cheaper auto insurers for your type of drivers can help you get better quotes.

  1. The Worst Flood Season on Record is Not My Fault?

Unfortunately, there are a number of natural disasters that may worry companies in your location. These can range from tornadoes to hurricanes to flooding. If there is a massive up-tick in claims due to natural disasters, often they must recoup losses through raised premiums. If you know the region is prone to such weather conditions that may be the reason.

  1. How Much Does Insurance Go up after a DUI?

Driving under the influence of alcohol over the federal mandated limit of 0.08% push the cost up in every state and location if you are charged with a DUI. These rises differ greatly depending on the state. Other major infractions such as accidents causing death, disfigurement or street-racing may all come with significant increases as well. In some cases you may lose your driving license and coverage.

  1. Why Do I Pay for Crime?

Unfortunately, if you buy a car on the top 10 most stolen cars lists or move to a crime ridden neighborhood, the rates may reflect these changes. A policy protects you against the risk of these events. If you have exposure to them carriers will need to compensate for it by asking more money.

No matter what the reason, you will want to get a second and third opinion. Comparison shopping using an online quoting tool such as the one available here will help you combat these rising costs by seeing who has the most competitive price. So, there are ways of mitigating the costs. This website has a few articles on how to check what discounts you can get.