Your car insurance may have gone up because of the type of vehicle you are driving, your record with previous accidents, or even if someone in your family was injured through a fault of yours.
all drivers on the road share risk and vulnerability to injury and property damage. buyers of auto insurance choose how this collective risk is shared by the insurers that provide coverage for them.
these choices can be made according to diverse criteria and rates can vary significantly from one company or risk pool to another. these types of decisions will depend on what areas, communities, and roads you live near- traffic patterns; past history with your car; where you travel most often etc…
there are external factors such as weather conditions such as snowstorms or
why did my car insurance go up without an accident?
unfortunately, insurance companies and actuaries work in a way that can be frustrating to consumers. they examine the relationships between various factors and assign an insurance rate based on those factors. so there may be many reasons your rates changed without an accident. to quote one of our customers, “maybe it's just not your lucky day.”
why did my car insurance go way up?
it's likely that your rates have been going up every year because you have been getting into more car accidents.
in the united states, a state's requirements on automobile liability insurance carriers, called “no-fault,” determine whether an insurance company can take a person off their policy when they get in one accident or many. in some states, once someone is approved for “full tort”—meaning they can sue any party at fault—they become unqualified for auto liability coverage from that particular company. in other states, such as new jersey and california, drivers buy more comprehensive policies which makes it possible to remain insured after one serious mishap or even several ding-ups of equal value that come under the draconian restrictions on deductibles
can your insurance go up for no reason?
yes. insurance companies often have a number of different rates for different rates to cover as many demographics as possible, and it's common for where you live to determine which rate you get. in other words, your insurance company offers a variety of plans according to state or region that have all been approved by the relevant state regulatory agencies. so something as simple as living in a specific geographical location could cause your rates to go up.
with that said, i've never heard of someone who was healthy going from a very low plan costing $100/month all the way up to $400 without any changes in health history whatsoever. this seems like heavy over-charging; not only would the person enrolled need to be given such high rate with no
did car insurance go up in 2020?
in general, car insurance rates increased in 2020.
the reason for this increase varies from company to company and from policy to policy. it’s unclear if americans fired more shots at vehicles between 2016-2018 or if insurance companies fear a crime wave ahead, but what is clear is that many consumers should expect a steep hike in their annual premiums. rates vary across the country, ranging from an 8 percent jump near west palm beach up to a whopping 71 percent rise in philadelphia over the same time span.
