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Why did my insurance premimum increase when I did not have a claim?

Sometimes, even f you haven't had an accident or filed a claim, your insurance premiums may go up.  Here are a few reasons your premiums may change.

1. Increasing occurrences of catastrophic weather (e.g., wind, hail, heavy snow, ice) has resulted in a rise in total claims paid out for damages.
2. Catastrophic circumstances such as wildfires, can have an adverse effect on the overall claims paid out for damages.
3. Rise in home, auto and medical costs.
4. Government regulation of insurance.
5. Insurance Fraud (e.g., increase in claims paid out, legal fees)

There are many factors that are considered when increasing premiums.  If this has happened to you, please call us today so we can review your policy and
work towards finding new potential savings for you by making some changes.  Our agents are ready to assist you Monday- Friday from 8:30am-5pm.  623.584.0071.

Posted Thursday, October 30 2014 9:00 AM
Tags : price increase, claims, premiums,

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