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Why Do I Keep Getting Rate Increases if I Have a Perfect Driving Record?

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 05/21/2013


Sometimes rate increases have nothing to do with you personally.

When there is a rate increase on your insurance premium there is a reason for it, even if you don’t think there is. Usually these increased insurance premiums are the result of a car accident or a ticket you may have had in the last coverage period.

Other times, increased insurance premiums are the result of things completely out of your control. For example, rate increases can happen because the insurance company needs to bring in more money to cover increased employee costs. Other times rate increases happen because the insurance company is going under and they are trying everything they can to stay in business.

If you have seen increased insurance premiums and nothing on your side has changed, you need to contact your insurance company or insurance agent to find out why. It could just be because the company decided on a rate increase to bring in more money; which may be a sign to you that it is time to start shopping around for other insurance coverage.


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Michele Wilmonen

Michele’s first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she’s earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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