Auto insurance rates are expected to increase nationwide for the fourth straight year.
You will be paying more money next year on your auto insurance, even if you’re doing nothing wrong behind the wheel.
Auto insurance companies nationwide have reported revenue losses for the last three years, due to an increase in costly car accidents and natural disasters.
Southwick Insurance Agency said there are some ways you can help lower your rate, including the number of miles you drive and avoiding accidents and speeding tickets.
But they told 22News there are many factors that drive auto insurance rates you can’t control.
“You’re not just paying for own driving experience,” said Daniel Hess. “The rates are pooled across the country, so if California gets hit hard with earthquakes floods or fires, that will translate to higher insurance premiums across the United States.”
Hess told 22News more expensive cars and distracted drivers have been the leading factors in higher auto insurance premiums. He also said you will pay twice as much money on auto insurance if you live in a city versus a suburb.
Hess recommends meeting with an insurance agent who can help you find companies with lower auto insurance rates.