Why Has My Car Insurance Gone Up

Another reason car insurance can go up for no apparent reason is when the named insured has had a change in their credit. Insurance scores are used by many carriers to rate policies. This is a number derived from the insured’s credit, and which is allegedly predictive of how risky a driver (or homeowner) is.

If you've ever driven without car insurance, that's a gap in coverage. When you shop for a new policy you'll likely get dinged by higher rates. You've had moving violations. Speeding tickets, reckless driving, DUIs and other violations typically lead to high insurance rates.

One apparent reason that insurance rates go up is inflation. As the costs associated with claims increase due to inflation—costs for medical expenses and vehicle repairs, for example—companies adjust their rates to cover these higher expenses. In addition to inflation, other drivers can impact your rates.

The cheapest car insurance will often be the minimum coverage required in your state, which in most states is liability insurance. Liability insurance covers property damage and medical bills for others due to accidents you cause.