Why Did My Car Insurance Go Up When I Moved

Why does my car insurance rate keep going up?

What Other Factors Increase Your Car Insurance Premium? Change in marital status: Statistics show that single drivers file more claims than married ones. ... Adding drivers to your policy: If you add a new spouse or a teen driver to your auto insurance policy, the company may increase your premium. Change in gender marker: Female drivers have fewer traffic accidents than males. ... More items...

Why are car insurance rates still going up?

Why Are Car Insurance Rates Still Going Up?The Profit Challenge. The insurers aren't raising rates for the sake of just charging you more--there are rules against that, actually.More costly accidents. The severity of car accidents has been trending upwards since 2011. ...A Decline In Investment Revenue. ...

Why is car insurance so expensive for me?

The cost of car insurance is high for the simple reason that the cost of claims is high. Insurers therefore increase premiums to protect their coffers – and many of them say that they make little or no profit out of motor insurance business.

Why does my occupation affect car insurance?

Occupation and Car Insurance PremiumsHigh-Risk Occupations. Real estate brokers. Business owners and executives. Salespeople. ...Low-Risk Occupations. Nurses and first responders. Accountants. ...Other Factors. There are other factors that determine car insurance rates. ...

Why Did My Car Insurance Go Up When I Moved

Leave a Reply