My Car Insurance Rate Went Up in Florida!
Reader’s Question:
My car insurance rate in Miami went up. I did not have any accident claim or traffic violations. What could be the reason?
Ariel
Miami FL
It is possible that your insurance carrier in Miami has filed their rates with your state’s insurance regulator that is why they raised your car insurance rates. Every year, some states file new fees as well. The state of Florida has a Hurricane fee that is placed onto every person’s rate premium.
When a state permits insurance carriers to increase their car insurance rates will definitely affect your premium. In addition to that you cannot control that car cost more to repair than the year before and that medical bills increase. Insurance carrier do routinely increase car insurance rates for all policyholders to cover these increasing costs the insurance carrier pay out.
To know exactly why your car insurance rates went up, speak with your insurance company. When car insurance rates increased or have change for some reason then your insurance policy renewal notification will show on there the reason.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
