Why Did My Auto Insurance Costs Go Up Even Without Filing a Claim?

Auto insurers determine an insurance policy’s cost based on several factors. One such variable is how often a driver files a claim. If you have never filed a lawsuit with your auto insurer, your rates may be higher simply because there is no history on which to base the rate.

However, if you don’t file a claim with your current provider and there is still a hike in your auto insurance costs, that could be due to changes in the law or other factors outside your control. Additional factors beyond your control could increase rates, like accidents involving other people.

Let’s discuss these reasons below:

Tickets for speeding and other traffic violations

Your insurance provider presumes you are more likely to be in an accident than a driver without any violations, particularly if you have repeatedly speeding tickets.

Your likelihood of filing a claim grows with the frequency of violations, which raises your auto insurance costs. Even a minor traffic violation could impact your auto insurance premium.

You were part of accidents both at-fault and not-at-fault

Similar to traffic violations, insurance companies will charge you more for coverage if you have any at-fault incidents on your record. In some circumstances, you may have to pay higher premiums for accidents you didn’t cause.

Comprehensive Claims

Your insurance rate may go up for events beyond your control, depending on your insurance provider and the state where you live.

Theft and vandalism, hitting an animal, a fire, glass breakage (including a cracked windshield), hail/weather-related damage, and other acts of nature are all included in these situations, referred to as comprehensive claims.

Adding vehicles and drivers

Your auto insurance expenses will increase if you buy a more expensive car because it is more likely to be stolen and cost more to fix or replace than your old vehicle.

The cost of adding new drivers to your existing coverage may also increase your auto insurance premium—mainly if you include minors or other family members with a history of poor driving records.

Age

While senior discounts may be available depending on your insurer and state, once you turn 60, your auto insurance premiums will eventually go up. Insurance companies frequently compare older drivers to teen drivers when evaluating risk, as teen drivers are more likely to be involved in car accidents.

According to a study, a driver between 18 and 19 are three times more likely to be involved in a crash than drivers over 30.

Need Auto Insurance? Contact Abbate Insurance!

Several factors can affect your auto insurance costs, including your driving record, car type, and where you live. If you’re concerned about how your rate may be affected by any event beyond your control, speak to our agents at Abbate Insurance.

We can assist you with a policy tailored to your car and requirements. Contact us right away to get started!