At Atkinson Casey Agency, we field calls about auto insurance daily, often regarding premiums. If you are a licensed driver in the Monroe, GA, area and are concerned about rising car insurance rates, understanding the factors influencing these costs can be beneficial.
Rising Vehicle Costs
With the average price of a new vehicle approaching $50,000, replacing a vehicle has become substantially expensive, contributing to insurance rate hikes.
Increasing Repair Costs
Modern vehicles are equipped with advanced technical and safety features. While enhancing the driving experience, these devices also increase the cost of insuring them. Restoring a damaged vehicle to its pre-accident condition is now more expensive, with fenders previously made of sheet metal now holding cameras and digital devices.
False Claims and Fraud
Insurance fraud and false claims are significant contributors to elevated car insurance rates. Insurance claims should only be used to restore a policyholder to their pre-claim financial state, not to acquire profits.
General Inflation
Consumer prices for goods and services, from groceries to housing, have been rising. Naturally, car insurance premiums are not immune to this overall trend.
Having a Poor Driving Record or a History of At-Fault Accidents
Traffic violations and at-fault accidents can quickly increase car insurance rates. To maintain low insurance premiums, it’s best to drive cautiously and defensively and respect traffic laws.
Get Auto Insurance Quote in Georgia Today
Comparing quotes is one of the most effective ways to keep your car insurance rates manageable. We invite licensed drivers in the Monroe, GA, area to contact Atkinson Casey Agency. Our team is ready to assist you with the necessary information and process steps to get your car insurance quote started.
