There are many reasons why an auto owners insurance Gibraltar MI policy rate increases. Most of them have a lot to do with the lack of practical action from the car owner. If you have had a shocking premium increase in your vehicle insurance lately, you must be doing something wrong. Below is a list of possible reasons why you fail to capitalize on lower insurance rates:
- Traffic violations. Beating the red light or hitting the speed limit; these are the main reasons why your auto owners insurance Gibraltar MI coverage is suffering from rate increase, even without your awareness. This can start at 3& for simple violations. However, adding up all the breaches can end up costing you more than 20% of rate increase in previous policy. The answer? Safe driving. This does not only protect you on the road but your finances as well.
- Shopping for a new car. So you’ve seen that new Ford model, and you’re more than eager to test drive it and possibly even buy it. However, keep in mind that buying a new car is loaded with high insurance premiums. If you want to lessen the sky-rocketing price, find auto insurance quotes for the vehicles you plan to purchase. Some of them can lessen the premium due to built-in safety features such as an automatic braking system or alarms.
- Hiding essential information. The worst thing that can increase your auto insurance premium is to not tell your insurer about traffic violations or a new driver handling the car. Your insurance company is authorized to back-charge you for each of the missed information when it comes to renewals or paying out on a policy.
When it’s time for you to renew your insurance, you may want to shop around and look for credible vehicle insurers with high service ratings who can give you better deals. Frost & Remer (http://InsuranceByFrost.com) is your best choice for your local auto owners insurance Gibraltar MI coverage. Here are three reasons why you should choose our insurance company to protect you and your family; watch the video at http://www.youtube.com/watch?v=NnDXlgbkaFg.