12/30/2024
you wanna know why your car insurance is going up ?! let me provide a little insight
Claims:
You’ve paid $1500 in premium for the year but just had an accident that was $50,000…where does the rest of that money come from?? they have to be reimbursed in someway. at fault or not!
To combat this ***IF YOU ARE NOT AT FAULT DO NOT FILE IT UNDER YOUR INSURANCE*** unless it’s a hit in run or the person happens to not have insurance. Also filing too many claims is a red flag. I had a lady file 9 claims in the past week, now she runs the risk of being canceled.
Uninsured Motorist :
Half of Buffalo is driving uninsured. you get hit from someone who has no insurance, your insurance HAS to pay out
Lapse of insurance:
If you’ve let your policy cancel for non-payment , it was cancelled for cause such as claims or underwriting you WILLLL pay more when you go try and get another policy. Being uninsured in a starte that REQUIRES you to have insurance is considered a red flag
Current Coverages :
NEW CARS COST MONEYYYYY. if you had a 2007 Saturn and now you have a 2024 Durango , you will be paying more in insurance. These new cars cost so much for the tech put inside. yes they have more safety features but a bumper 10 years ago with no back up cam doesn’t cost the same as a bumper with those. Also did you know you’re charged more if you carry the minimum 25/50? Maintaining 100/300 is best practice as we see the average cost of an accident is more than $50,000
Scams/fraud:
Insuring someone’s vehicle that isn’t your because they can’t get insurance somewhere should not be happening. Only time you are SUPPOSE to put someone else on your policy is your spouse, your child, or someone living in your house that drives but doesn’t have thier own car. To insure a car… the title, insurance & registration MUST match. I had someone today tell me Insurance & The DMV have nothing to do with each other. It does !
When shopping for insurance be opened minded, understanding that we can’t control the price , be honest because we can see everything attached to your license/name , and more importantly be considerate that we are consumers as well and have to pay insurance too
If you have any questions let me know!!
Still doing courtesy reqouting to find cheaper coverage
