Why do insurance rates increase & how can you save?

_

There are many reasons why insurance premiums are going up

Car and home insurance rates are rising, and it’s important to understand that there are many things that contribute to these increases. Whether you’re purchasing a new policy or renewing an existing one, understanding these factors will give you insight into how your premiums are calculated and why they might be going up.

A family enjoying time in their living room A family enjoying time in their living room

Top reasons for home insurance rate increases

From inflation to extreme weather events, there are several factors that could lead to an increase in your home insurance premium.

Learn about the factors that cause home insurance premiums to rise
A family enjoying a ride in their car A family enjoying a ride in their car

Top reasons for car insurance rate increases

From changes in your driving habits to supply chain issues affecting the entire insurance industry, there are many reasons why your car insurance premium might go up.

Learn about the factors that drive up car insurance premiums
A person working on their laptop computer and talking on their phone A person working on their laptop computer and talking on their phone

Questions? A broker can explain more

If you’ve noticed your insurance rates have increased and you’re not sure why, your licensed insurance broker would be happy to provide more details. And if you’re shopping for insurance and don’t already have a broker, we can help you find one near you.

Find a broker now