Auto insurance has changed a lot, despite a spotless driving record, my premiums keep rising. The quotes from other companies are even higher than my current rates. It seems like they are working together to raise premiums rather than competing. Are there still effective ways to lower rates?
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My previous insurance company increased my cost by 60% even though I had no moving infractions, claims, or accidents. They were dropped, and I switched to a rival provider for a 20% rate reduction. When I contacted them and asked why, they genuinely could not provide me with an answer. Since I have automatic payments and have been a customer for ten years, I feel like they were attempting to slip it in.
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I am employed with an auto insurance company. Costs have increased for all companies in the nation. The cost of both cars and auto repairs has increased. Additionally, payouts for injuries are also increasing.
Put, auto accidents are costly and increasingly worse. Getting quotes from multiple carriers each year and demonstrating your safety over an extended period are the only ways to keep your premiums low. Make sure an independent agency searches for quotations on your behalf as well, as they will have access to potentially competitive companies that you are unaware of.