Select Page

What types of things make my rates go up?

FREE Auto Insurance Comparison

 Secured with SHA-256 Encryption

Compare quotes from the top auto insurance companies and save!

Things to Remember...
  • How soon your rates increase after an accident depends upon the contract period of your auto insurance policy
  • Anticipate that your insurance premium will rise by at least 10 percent if you’re tagged with a DUI/DWI
  • Occasionally, even good drivers without a history of moving violations ,like speeding tickets, or car accidents for three plus years suffer an auto insurance rate hike
  • No matter where you live, comparing your auto insurance rates makes good financial sense

If you’re involved in an auto accident, and you’re deemed at fault by the police evaluating the accident scene, your auto insurance rates will increase. How soon your rates increase depends upon the contract period of your auto insurance policy.

Many auto insurance companies write one-year contracts for auto insurance coverage at a specified premium rate.

Unless you decide to cancel your auto insurance policy before the contract period, your premium may increase at the end of the policy term, about a year later.

Your auto insurance policy binds the insurer to the contract terms. If you live in a state in which surcharges are applied, your auto insurance rates may not increase for up to 24 months.

Use our fast, easy, and completely online auto insurance comparison tool to get comparative, competitive auto insurance quotes from other insurance companies. Get started now by typing your zip code!

What are the kinds of events that cause auto insurance rates to go up?

AdobeStock_11685060-1600x1600

If you’re pulled over by a police officer while driving under the influence (DUI) or driving while impaired (DWI), your insurance rates are also going to increase.

Anticipate that your insurance premium will rise by at least 10 percent if you’re tagged with a DUI/DWI.

Two or more of these events may cause even higher premium increases to apply in the event your auto insurance company decides to underwrite the risk of insuring you as a high risk driver.

A full cancellation of your auto insurance may also occur. Depending upon your home state’s auto insurance laws, an auto insurance rate increase can last up to six years!

When do auto insurance companies increase auto insurance rates?

Occasionally, even good drivers without a history of moving violations (like speeding tickets) or car accidents for three plus years suffer an auto insurance rate hike.

The auto insurance provider may have an excessive amount of claims or other financial problems.

If you’re a good driver and receive an auto insurance rate request from your auto insurance company, take the opportunity to compare auto insurance quotes with a variety of financially sound insurance companies.

History books are full of auto insurance providers with more claims to pay than liquid reserves.

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

How does an auto insurance company determine auto insurance rate increases?

The points your auto insurer assigns aren’t the same as those noted by the Department of Motor Vehicles in your state. Most insurance companies don’t assign points for a recorded speeding ticket over three years.

Most states maintain ticket history on your driving record for up to three years. Unfortunately, some insurance companies request driving records for up to seven years.

By knowing your auto insurance company’s policy, you can make a decision to compare auto insurance rates when your policy is offered for renewal.

Some auto insurance companies don’t check your driving record each year.

However, you should know that your auto insurance company will eventually check your driving record and that an auto insurance rate increase is in your future.

Why are some drivers dropped after a couple of tickets?

Say your job requires a lot of driving and your employer provides a company car, van, or truck for the performance of your job. Over the course of the employer’s auto insurance policy period, even two speeding tickets on record can get you dropped from the policy.

At the employer’s option, you’d need to provide evidence of auto insurance in order to drive the company vehicle.

The cost of paying for your own insurance to operate the company’s commercial vehicle could be prohibitively expensive.

Depending on where you live, any sort of moving violation may increase auto insurance rates up to 25 percent. Drivers in California report that auto insurance rates can be increased up to 40 percent!

No matter where you live, comparing your auto insurance rates makes good financial sense.

Taking the time to call a number of auto insurance providers to get numerous individual auto insurance quotes is time-consuming.

Take charge of the task of comparing your auto insurance quotes by requesting information today. Start now, with your zip code and our no cost, no obligation comparison tool!

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

[0-9]
[0-9]