January 5, 2007, Newsletter Issue #47: Predicting Changes In Car Insurance Prices

Tip of the Week

Even after you've received a car insurance quote and been with an insurance company for some time, you may have car insurance price changes when your policy is renewed. Sometimes the change in car insurance prices is beneficial to you. You may find that your rates decrease when you renew your auto insurance policy. Sometimes you may qualify for a new discount offered by the insurance company due to a move or another life change.

However, changes in car insurance prices are not always made in your favor. If you've had an accident or violation during the last coverage period, your car insurance price may increase. You may also experience increases in your rates due to factors outside of your control. Your state may pass new laws regarding auto insurance premiums that increase your rate.

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Linda Handiak