When your car insurance renewal comes through, you may see that your MAIF car insurance quote has gone up. You wrack your brain for the reasoning…why did your insurance rate go up? Roadway Insurance explains why you might find your car insurance rates have risen.
Tickets and Violations
If you have violations that don’t occur while the vehicle is in motion, such as parking tickets, you’re usually in the clear. However, the more moving violations and speeding tickets you have, the higher your car insurance rate is going to be. Violations tell your insurance company that you’re more likely to have an accident than other drivers. They increase the premium because they’re more likely to have to pay out for repair or damages on your vehicle.
It makes a decent amount of sense that if you’re found at fault for an accident, your insurance rates will probably go up. But your rates can actually go up even if you’re not at fault as well. There’s been data shown that people can have regular occurrences of accidents where they’re not at fault, too.
An Increase in Claims in Your Area
Unfortunately, though it doesn’t really seem fair, your rates may increase if more claims have been filed in your area recently. Even if you have a perfect driving record, these rates will impact you as well. This can involve anything from an increase in claims for accidents or higher rates of theft or weather-related incidents.
This is similar to the last case, in that the zip code you’re moving to can determine an increase or decrease in your rates. If you’re moving to another state, you’ll need to get an entirely new insurance policy. Relocating to a bigger city from a small town will likely increase your rates. There are more incidents in cities related to the amount of traffic there and being an area concentrated with drivers.
Changing Vehicles or Adding Drivers
Particularly if you have a teenager coming on to your policy, your rates are going to go up. Teenagers are new to driving and carry a much higher risk of getting into an accident. Changing your vehicle can make the rate increase as well. If you go from an SUV with a high safety rating to a supercharged sports car, the insurance company will notice. Sports cars can have specialized parts that make them more expensive to repair or replace.
Getting MAIF Car Insurance
At Roadway Insurance, we make sure to get you the best insurance at the lowest price. Our MAIF payment plans make it easier for you to pay your premium as well. Call us or request a free quote online!