Insurance Going Up | Blog | Aseguranza de Auto | Car Insurance

Why did The Price of My Car Insurance go up?

Surely you have ever heard of someone, or it has happened to you that the price of your car Insurance Going Up. This can frustrate you because many people have already considered the amount to pay in their monthly expenses, many struggle to cover the expenses. This can take us out of balance. There are many reasons why the price of your insurance goes up, here we enlist them.

General price increase in auto insurance

In some cases, the insurance company makes price adjustments. It may be because the insecurity in the area in which the insured lives has increased. Multiple car thefts, vandalism, etc. were reported. The price of a car insurance depends on several things, and one of them is the crime rate in the area where the owner of the car insurance policy lives.

Changes in your car insurance policy

Although normally you will be aware of the changes that are made, check if any of the drivers made any changes or try to remember, maybe you made one of the following changes:

  • Add drivers
  • Add or remove vehicles from your car insurance.
  • Change of address.
  • Increase the coverage of your car insurance.

If you add another driver to your policy, the price can also go up, more if this person has tickets or accidents in his driving record. It is very important to know if the drivers you want to add to your policy have a good record or not.

Removing vehicles from your policy can raise the price of your car insurance. Car insurance companies, in most cases, offer the multi-car discount. It may be cheaper to have two or more cars in your car insurance policy than to have only one. Similarly, if you add a car you may also raise the price by a few dollars. Everything depends on the exact model of the car or the coverages you choose for it.

Factors that determine the price of your car insurance

The price of a car insurance depends on multiple factors such as drivers’ age, driving record and the insured’s address, then if you changed your home and notified your car insurance company about this change, and the The area to which you changed has a higher crime rate than your previous address, the insurance company will make a price adjustment.

Increasing the coverage of your policy is always recommended. Since in case of an incident, you will have more savings because the shock is not going to cost so much because the company will pay if not in its entirety, most of the expense generated by the incident.

Save money with a car insurance that offers you enough coverage

As you may already know, the price will increase depending on the situation of the factors that the auto insurance company is based, in your particular case, for the price of your monthly payments or your auto insurance premium as the expense that would generate an accident is greater, it covers more.

Besides, if you think about it, this increase in price can be equal to what you spend “unnecessarily” every day, such as coffee, cigarettes and other expenses that, little by little, mean a loss of money, having enough coverage It is always a good investment. An accident or ticket, a point or more in your record can increase the price of your car insurance.

Another factor that is taken into account for the price of an insurance is how clean is the record of the owner or drivers insured in it. If the insured person has accidents or tickets, this person is considered a greater risk. For example, speed tickets can increase the amount you pay for your car insurance. Insurance companies can check your driving record and can use your driving information to help determine your risk of having an accident or generating a  car insurance claim.

How else do tickets affect my auto insurance?

Beyond increasing the price of your car insurance, a ticket can affect your car insurance in other ways. Having tickets or accidents will cause you to not lower the price of your car insurance over time. Many car insurance companies lower the price between more times you renew with them and having an accident or ticket will cause you to miss these discounts.

It even runs the risk that the insurance company decides not to give coverage if it exceeds the number of points that generate the tickets and accidents that the company accepts.

What would be the most viable solutions to have a lower price car insurance?

Even though the price of your insurance goes up, there are still a couple of things you can do to lower the price even if it’s a little bit.

  • Take a defensive driving course to lower the price of your insurance

You can take courses to verify that even if you had an error and caused an accident or you were fined, your driving skills are correct, having one of these courses in your record will make you get a discount on your car insurance.

  • Make sure you drive correctly

Although you probably already raised the price for an incident, the way you can be sure that you will not go back to raise the price of insurance, logically is to handle carefully, following all traffic regulations that one as a driver is bound to follow.

Insurance at a lower price

In addition, some car insurance companies have electronic devices that monitor their driving habits, and if you drive correctly it can result in a reduction in the price of your car insurance.

  • Reduce the coverage of your car insurance

Although we highly recommend raising, instead of lowering coverage, as preventing the expense of damage in a possible accident, it is a good investment. But if the price of your car insurance rose so drastically that you are forced to lower coverage, it may be a good option.

  • Change from car insurance company

If you are already a client, contact your personal advisor and explain the situation. Most likely there are one or more companies that can offer you a better price even if you have these incidents. In many cases there are companies that have a different way of considering factors for prices.

But, if you are not yet a customer, call (855)311-1168 and a member of our team will be assigned to give you a quote. Not only will they sell you something of good price. You will have car insurance advice completely free. The member of our team will be your personal advisor for as long as you want to be with us. It will be the person assigned to attend it.

Posted ByPablo AguilarOnAugust 13,2019

Pablo Aguilar