People often wonder how auto insurance rates are determined as they differ from driver to driver and from provider to provider. The fact is there are a variety of factors that affect what you pay: your age, type of vehicle, state of residence and most importantly, your driving record.
However, there are additional circumstances, both good and bad, which impact rates that are out of a driver’s control such as government reforms and the carelessness of the uninsured. The one constant of auto insurance rates is that they constantly change.
Currently, due to ranging factors such as government intervention and wrath of voters to struggling providers managing higher costs, the fight against and implementation of measures to increase insurance rates are popping up in many different locations.
This leaves all drivers wondering just what their rate will be next year. As it turns out, the predictions vary across the board, just like the rates they concern.
Are Your Rates Increasing Next Year?
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