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

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.