When Does An Auto Insurance Premium Go Up?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Your auto insurance premium will typically not change until your next renewal period. Depending on your payment term this typically could be monthly, quarterly, semi-annually, or annually. Your premium is affected by many factors. The primary factors are your activities or claims. Tickets and accidents are two of the things that may cause your rate to increase. Your rates can also be affected by many other things as insurance rates are typically determined by the amount of risk that the insurance company is bearing in that market. To find out more contact your local agent and discuss your questions about rates with them as each state, company, and policy can vary greatly.
    Answered on April 23, 2013
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