There are a number of factors which affect how much you pay for your insurance. If you change any of these factors, it could affect your rates even though you have not filed a claim. These are some general issues.

• Changes in your age. Teenagers pay the most. Then the older we get, the lower our insurance rates become until our 60’s. 60 to 69 is as good as it gets. After that, it starts rising again. So if you just turned 70, your rates went up.
• Single people pay more than married people for auto insurance. If you were married and are now single, you will probably have a higher premium.
• If you move from the country or a small town to a larger city your auto rates will possibly go up.
• Purchasing a newer car or bigger home will increase your rates.
• Having an accident or claim will cause your rates to go up.
• If the company has a reason to run your Motor Vehicle Report and you have tickets or unreported accidents, your rates will go up.

We also need to remember that insurance exists to pay claims. The vast majority of the premiums you send to the insurance company go to pay claims. As the cost of claims goes up, the amount of premium the company must collect to pay for those claims must also go up. Rising medical costs are one of the main contributors to rising claims costs and thus rising premiums. For example, the average cost of a knee replacement has gone from about $24,000 in 2006 to about $34,000 in 2018 according to Health System Tracker. Over time, all insurance rates slowly increase.

You might want to read the blog titled “How can I Reduce my insurance premiums” for some ideas to keep your rates down.

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