Insurance cost
Could someone explain why my new billing has jumped from last years $267.00 to $409.00???
Forum Discussion
kopy kat wrote:Apparently all you wanted to do was vent about your rate increase and were not looking for either alternatives or possible explanations.
Why are you asking the forum? Why not call your insurance carrier? SMH
Jdb7566... I’m looking for advice, which is what a forum is for...not smarta$$ responses!
If you want a definitive answer as to why your insurance premiums rose, the only way to possibly get an answer would be to contact your insurance carrier. They are the only people that could offer that specific information. Since insurance premiums are based on personal information there is no one on these forums who could give you a precise answer.
If you are looking for advice as to other carriers to consider and where to shop, your post does not convey that request.
If you want a generic list of reasons why insurance companies raise rates, here is a start.
1. your driving record has changed
2. your credit score has changed
3. your current age has put you into a higher risk category
4. the insurance provider has experienced losses in underwriting RVs and are repricing
5. your insurance provider has experienced losses in your type of RV and are repricing
6. competition for business has decreased, allowing your carrier to increase prices
7. your domicile has changed
8. your state insurance commission has allowed for a rate increase
9. your have had a claim
10. your insurance company wants to increase their profits
That is a start of a list, I am sure there are dozens more.
