Volatility with Car Insurance Rates- What Can Your Agent Do To Help Alleviate the Craziness?

Does it seem like car insurance rates always go up?

One of the most common occurrences we see is our clients not noticing the every-six-month minor rate increase from their auto carrier.  As a client you become accustomed to paying a certain amount and you fall into the trap of trusting your insurance carrier; and when your rate goes up just a few dollars each month or policy period you don’t “feel it” and more importantly you don’t notice.

The most common reasons for insurance rate increases in Florida include:

1. The significant recent spike of insurance fraud
2. The steady increase of the population in Florida
3. The increase in health care costs in Florida

We all know that insurance companies aren’t losing money- many of the insurance providers will continue to implement steady increases in rates with the hopes that their clients or the agents servicing clients will simply not pay attention.

At Agency54 reviewing our clients auto insurance rates every policy period is our standard; we advise our clients to change companies when it makes sense.  We feel it is our job to make sure you are paying the least amount for your car insurance while still having the best coverage.