Does that renewal bill for your insurance look a little higher this time around? You’re not alone. Every year drivers across the U.S. experience increased insurance premiums — sometimes for blatantly obvious reasons (such as a speeding ticket) and sometimes for seemingly no reason at all.
Fortunately, there is indeed a method to the madness behind car insurance costs. We’re going to talk about how car insurance works, and the reasons the cost of your auto policy might suddenly go up.
So whether your renewal notice only went up by a couple of bucks or suddenly seems to be outlandishly high, these are eight of the most common reasons you might be seeing that increase — and what you can do to save money on car insurance.
There are a lot of reasons your car insurance might increase from year to year. Because auto insurance companies use a wide variety of information to assess risk, your payments can go up even if your driving record remains pristine. Here are eight of the more common (but also sometimes unexpected) reasons you may be seeing your car insurance go up.
