Why did my Auto Insurance go up?

Written By Charlotte Insurance on November 18, 2015. It has 0 comments.

Every six months when your auto insurance renews, it probably seems like the price inches up a little higher. Then – BAM – out of no where, the cost went up significantly, and you’re left scratching your head.

You’re a good driver. You pay your premiums on time. Your car is in decent shape. What gives?

There are a number of factors that go into deciding your auto insurance premium, and every insurance company is a little different. Here are a few you should be aware of.


Married people tend to have lower insurance rates than single men and women. Studies show that married people tend to get into fewer accidents than their single counterparts, and when they do, the accidents are less expensive. If you’re newly single, you may notice a difference in your premiums at your next renewal or when you change your policy.


You’re how old? It doesn’t matter that 50 is the new 30. Or is that 20? Either way, some insurance companies will consider you an “older” driver the moment you hit the half century mark. Older drivers are considered to be a riskier group who are involved in more accidents. Ironically, the 64-69 age group is the safest group of drivers, while those 85 and older are involved in the most car accidents each year.


Had problems paying your bills? Are bankruptcy or foreclosure a part of your life right now? A low or poor credit score can affect your auto insurance premiums. Even if your low score is the result of previous problems and you consistently pay your bills on time now, you may have to pay more for your auto insurance. Don’t be surprised if your insurance premiums go up as your credit score goes down.


If you’re driving more for work, school, or because the kids have an activity every single night of the week and you’re playing taxi driver, your insurance rates could be affected. The more miles you drive, the more time spent on the road – and the higher chance you’ll be involved in an accident. Your premiums could go up as a result.


We definitely don’t advocate getting married just to lower your premium or pretending you’re still 29, for the 25th time. But there are other things you can do to help lower your auto insurance premium:

  • Pay your bills on time and work to increase your credit score. Request your credit report from the three credit bureaus – Equifax, TransUnion, and Experian. Every one is entitled to a free copy once a year. Look for errors that could be bringing down your score.
  • Carpool, use mass transit, and find other ways to reduce the miles you put on your car each day. Less miles driven is good for your wallet by lowering your premiums and the amount you spend on gas.
  • Talk to your insurance agent to make sure your current auto insurance provider is the best one for you and to make sure you’re taking advantage of all the discounts available to you.

When you’re ready to lower your auto insurance premiums or look for better coverage, Charlotte Insurance is here to help. Contact us today!

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