Why Do Auto Premiums Increase?
Insurance companies calculate your premium based on factors like your driving history, vehicle type, zip code, and coverage level. A small change in any of these factors can significantly impact your monthly payment.
5 Ways to Pay Less
- Raise your deductible: Increasing from $500 to $1,000 can reduce your premium by up to 15%.
- Take a defensive driving course: Many insurers offer discounts of up to 10% for completing one.
- Bundle your policies: Combining auto and home with the same insurer often generates 10–20% discounts.
- Maintain good credit: In most states, a good credit history translates to lower premiums.
- Compare rates annually: The market changes. Reviewing your options each year can save you hundreds of dollars.
When Is It Time to Switch Insurers?
If your premium increased more than 10% without changes to your record, or if you haven't compared rates in over 2 years, you're probably overpaying. Contact us for a free, no-obligation quote.
