New Orleans Insurance Claims Investigator does some investigating on Car Insurance!
There’s nothing quite like that disgusted feeling you get when you take a good, long look at your latest car insurance renewal and realize that your rates have gone up again. Your car’s not getting any more expensive! Why may your insurance go up?
Some things usually cause car insurance rates to go up unexpectedly. The first is being convicted of an accident or a traffic violation. You know what you did; you know when you did it. What you didn’t know that one little speeding ticket or fender bender was going to have such a major effect on your insurance!
Regarding relative risk, someone who’s already bent and broken the traffic laws (and get caught doing it) is going to do it again, and again, and again. That means you’re more likely to cause an accident, file an insurance claim and cost your insurance provider money. They hate that! So as soon as a violation goes on your license car insurance companies jump on it like the last piece of bread on a deserted island and send your rates skyrocketing.
The second possibility is that you raised your coverage during the previous policy period and forgot about it because it didn’t go into effect until this cycle. Has your state changed their liability premiums? Did you decide to add comprehensive or collision coverage to a car that previously only carried liability? What about additional medical insurance or rental reimbursement?
For more information read this New Orleans Claims Investigator’s Blog!