Top 3 Things That Drive Your Auto Insurance Rates Up

Do you dread getting that annual renewal notice from your auto insurance company? Are you worried that your rates have gone up? Unfortunately, you can’t avoid the inevitable by burying that letter under another pile of mail.

No one likes to see their insurance rates go up, but there might be something you can do to lessen the blow. If you have an idea of what drives the rates up, maybe you can actively try to keep them from rising.

Your auto insurance rates might increase if you make voluntary changes to your policy. For instance, if you add a new driver to the policy, then you will need to pay for their coverage, as well. For more information on adding someone to your current policy in Wixom, MI or around the state, be sure to contact America’s Choice Insurance Partners.

Here are a few other reasons your insurance rate might go up:

  • Driving History – The insurance company will take into consideration your driving history, including your driving record. If you have had convictions or driving violations, then your rate may increase. They will also consider your claim history (i.e., how many claims you have made over the last year, etc.)
  • Change of Address – When you move into a new area, your rate might change, as well. Some locations are considered higher risk, which means that insurance in that area is more expensive. This could be due to a larger population of drivers or higher traffic areas.
  • Change of Employment – If your employment situation changes, your insurance might be subjected to an increase. For example, your former employer may have provided a group discount or professional discount; without the discount, you will have to pay the full rate.

Contact America’s Choice Insurance Partners in Wixom, MI

If you are looking to make changes to your current auto insurance policy or have questions regarding an increase in rate, do not hesitate to reach out to America’s Choice Insurance Partners. An agent will be able to help you out and guide you in the right direction.