rise in car insurance premium rates Archives - Udell Family Insurance

Common Reasons Why Auto Insurance Premiums Rise

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auto insurance premium rates

Increasing auto insurance premiums only adds to the already existing struggles in uncertain economic times. But you can always take steps to lower costs. Here are various factors that contribute to rising auto insurance premium rates across the nation.

1. Recorded Driving Behavior

a) Miles Driven:

The more people drive, the more their insurance rates will increase. A 2016 article in the Washington Post cited an AAA report that Americans were driving more due to cheaper fuel and other reasons. More miles imply an increase in the chances of an accident, which raises the insurer’s […]