Buying an auto insurance policy is never a tedious task but when there is a renewal of auto insurance, then at times buyers end up paying a higher premium. Although the buyer has no choice but to pay up the renewal amount but many times a buyer is left with one single unanswered question.
What made the premium to go up? Even though I had not made a single claim in the past year.
There are two major reasons why the premium goes up in any auto insurance renewals
- Due to the action(s) of a policyholder, despite the fact that in the past there was not a single claim made by the policyholder.
- Due to external factors which are not under the direct control of the buyer.
Reasons for change in premium directly related to a buyer’s actions
- Violations of driving rules and regulations may increase the premium. In the