06/15/2022
Why are my insurance rates going up??
It’s a question we get asked nearly every single day. Many circumstances are factored into your personal rate. No two people have the same rate.
Factors can include:
-Location
-Credit score (soft pull)
- Age
-Claims/tickets
-Type of vehicle
-Insurance history
-Rates across the state, these fluctuate.
In 2022, we’re seeing rates go up like never before. This would be due to the pandemic and the inflation. Insurance companies could not raise their rates during the pandemic, they’re making up for that now. Also, pricing and values of cars and parts are incredibly high, thus making it more expensive to pay out on a claim, in turn forcing the insurance companies to hike the rates.
Give us a call, we’ll be happy to shop your insurance with multiple companies and see if we can beat what you’re currently paying. Worse case scenario, you stay where you are, best case scenario, we saved you money every month which is much needed in todays world. There is no harm in looking! Come by or give us a call 😊