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Understanding Auto Insurance Rate Increases
Insurance should be easy at this point, we live in the 21st century. But somehow car insurance hasn’t gotten any easier to understand. You drive safely, you avoid traffic violations, you choose a reliable car, and your premiums should stay where they are, or even go down. But, somehow, no matter your driving record you find that your premium continues to be on the rise. And you’re looking for answers as to why. Many factors go into why insurance premiums and how those will influence the costs. A lot of the time it is for things no driver can control. Your driving record will always affect the cost, but so does how many drivers are on the road, average road speeds and even the health of the economy may see you paying more at year’s end. Here are a few reasons that your auto insurance premiums may rise no matter what you do: A Strong Economy Means Busier Roads What’s good for the country overall may not be good for your insurance premiums. As the nation’s economy strengthens, more and more of those who previously relied on public transportation are choosing to take their own cars instead. Meanwhile, low gas... Read more