Why Your Car Insurance Rates May Be Higher Than Expected
Car insurance is one of those must-haves for every driver, but man, it can feel like a wild card sometimes. You’re cruising along, and then—bam—your premium jumps, and you’re left scratching your head. Those hikes might hit out of nowhere, but there’s usually some rhyme or reason behind them. Figuring out what’s pushing your rates up can help you keep a lid on costs and pick coverage that makes sense for you. Rising Costs Across the Insurance Industry Insurance rates don’t just come out of thin air—they’re tied to a bunch of moving parts. What jacks up your bill might not be the same as your neighbor’s, but there are some big trends hitting everybody. It all boils down to risk for the insurance folks—the riskier things get, the more they’ve got to charge to stay in the game. ...