Why Does My Insurance Go Up?

July 20, 2023 / 4 minutes of reading
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Auto Insurance, Now in 34 states!

Why Does My Insurance Go Up? 3 Reasons Your Auto Insurance Rates May Increase

Ever have a great driving year? No tickets, no wrecks, nothing, and then you see that your auto insurance has gone up? That can be frustrating and confusing. Here are some reasons why your insurance will go up, and sometimes even when you have had a perfect driving record.

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Auto Insurance, Now in 34 states!

Why Does My Insurance Go Up? 3 Reasons Your Auto Insurance Rates May Increase

Ever have a great driving year? No tickets, no wrecks, nothing, and then you see that your auto insurance has gone up? That can be frustrating and confusing. Here are some reasons why your insurance will go up, and sometimes even when you have had a perfect driving record.

Your Guide To Insurance Rates
  1. Does Getting A Violation Make My Insurance Go Up?
  2. Better Credit – A Better Rate
  3. Other Rating Factors for Why Does My Insurance Go Up?
  4. What Should I Do If My Rates Go Up?

Does Getting A Violation Make My Insurance Go Up?

“Why Does My Insurance Go Up?” After Getting A Violation:

Why Does my insurance go up?

Violations, whether major or minor will impact your insurance rates. There are major, minor, and non-moving violations. Depending on which one, can have different effects on you and your rates. For instance, some of the major violations can last on your record and stay impacting you for 10 years. So, when receiving an auto quote, you will be asked if you know of any violations within the past 3-5 years.

  • Speeding tickets
  • Other moving violations like defective equipment
  • Accidents (At Fault and Not At Fault)
  • Comprehensive or Collision Claims

Everyone should try their best to drive safely and keep these violations in mind and know that some of them can really impact you in many ways than just your auto insurance rates. If you keep a great record, your auto insurance company will reward you for it! Below is the average cost of insurance with violations.

CompanyAverage Cost
Bristol West$156
GAINSCO$157
The General$157
21st Century$160
Dairyland$166
Progressive Insurance$166
Geico$167
Why Does My Insurance Go Up?

Better Credit – A Better Rate

Credit impacts insurance premiums. The better credit a customer has, the cheaper the insurance premium will be. Studies have even shown that customers with poor credit sometimes pay 91% more in insurance compared to customers with healthy credit. Not every aspect of your credit report is useful for getting a quote. Certain details are compiled and then calculated together into a credit-based insurance score. Unfortunately, these scores are not made available to the general public. Some factors could be your payment history, your debt ratio, your long credit history, no late payments, and low credit usage. Below is the average cost for liability insurance for a customer with Bad Credit.

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CompanyAverage Cost
21st Century$154
Acceptance RTR$156
Dairyland$158
Bristol West$162
AssuranceAmerica$170
The General$176
Why Does My Insurance Go Up?
Carriers

Other Rating Factors for Why Does My Insurance Go Up?

Why Does My Insurance Go Up?

Age is a major impact on the insurance rate. Depending on driving history, vehicle type, and other factors it is a possibility that rates decrease at the age of 25. Marital Status and Gender can have an impact on your insurance rates. Most statistics show that a married man will drive safer on the road than a single man. There are other rating factors are used to determine the premium for Auto Insurance such as:

Common Reasons for: Why Does My Insurance Go Up?
Your zip code
Lapse in insurance
Deductible repair costs
Medical costs
An increased amount of drivers in your area
An increased amount of accidents in your area.
Why Does My Insurance Go Up?

What Should I Do If My Rates Go Up?

A good rule of thumb is that when your annual full coverage equals 10% of the value of your car, it may not be wise to carry full coverage. You would be spending more on insurance than the value of the vehicle at the end of the day. If your rates have gone up, shop around to see if there may be a more competitive option for you. At A Plus Insurance, we are a brokerage with the ability to shop multiple Insurance companies to find you the best price, and the best coverage, and help to answer your question about “Why does my insurance go up?“. Check your rate with a free online insurance quote. We are authorized to issue policies from the carriers and more:

  • Progressive
  • National General
  • Dairyland
  • The General
  • Travelers
  • Suncoast

We offer a full range of products to service a wide spectrum of personal insurance needs, as well as business insurance needs.  It is our objective to provide quality, low-cost coverage to meet the needs of our clients. Learn more here!

Does Credit Affect Your Insurance

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Other Helpful Links
Auto Insurance Facts vs Myth
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Average Cost of a Car Accident
Difference Between Comprehensive and Collision Coverage
Why is Car Insurance Expensive?
Why Are My Insurance Rates so High?
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Why Does My Insurance Go Up?

Last Updated on by Alexis Karapiperis

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