Causes of increase in car insurance rate

Causes of high auto insurance rate

 

 

There are lots of factors contributing to this, take for instance if your auto insurance company have lots of it’s customers involved in accident have laid claims, that may result to high premium. If there have been increase in car theft especially on the type of car you are driving, it may lead to higher cost in some insurance companies. High car cost and maintenance can also lead to a higher insurance premium. Also high labour cost on the part of insurance company may lead to that can also lead to it. Even though you have not been involved in auto or car accident, other customer’s activities in the company may affect you in terms of policy in one way or the other.

 

 

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My name is Kingsley Chukwuma and your web tutor, car insurance expert adviser and webmaster. Am so happy to assist you make a perfect plan and decision in buying auto insurance and I do hope you will find the content of this site extremely helpful in making your decision about buying car insurance. Let me quickly state my educational qualifications. Am a Bachelor’s Degree holder in Economics and also a Master of Business Administration. I have attended many seminars and delivered papers on car insurance. in addition, I have also written articles and have worked as an expert in the field. To learn more about me, visit About page. Thank you for your time and enjoy the content of this site.
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