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It’s important to know the 4 reasons your NC car insurance will very likely rise this year

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Know why Louisiana car insurance rates might be skyrocketing? Bl – KATC.com

Know why Louisiana car insurance rates might be skyrocketing? Bl - KATC.com

Louisiana’s auto insurance rates since then have been rising at a faster clip, with the largest jump, an 8 percent average, taking place in 2016.
The Advocate is reporting, auto rates were virtually flat over a five-year period, increasing about 1 percent annually, Donelon said — until about five years ago.
Rates charged by Louisiana’s largest auto insurers have been on a double-digit run, mirroring a national trend the industry says is fueled by more accidents and a spike in claims costs.
It’s too early to say how much rates will rise in 2017, Donelon said, but the trend could level off soon.
It is universally attributed to a combination of distracted driving, cellphone use while driving, and more miles, cheap gas,” Insurance Commissioner Jim Donelon said.

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Three things that can raise your car insurance rate

The National Association of Insurance Commissioners (NAIC) says an average car insurance premium is $841.
Where you liveMoving to a different Zip Code may also raise your car insurance rates.
Falling credit scoreUnfortunately, that’s not the only mishap that can raise your car insurance rates.
That’s because the insurance company will raise your rate when your policy comes up for renewal.
If you are filing a claim with your car insurance company, the fender bender is going to cost you in the long run.

collected by :Olivia Mathio
car insurance

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