Answer
Aug 11, 2016 - 09:41 PM
Car insurance premiums increase when the national interest rate goes up. The insurance company does this to adjust for inflation year on year. Another reason your premiums increase is if the insurance company deems the insured client to be high risk. These are usually persons under the age of 25 or individuals who have an abnormal claims history, i.e.a lot of accident claims.
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