Why auto insurance rates are rising even if you don't have a claim & why to think twice before you do file for one:
Bottom Line: Turn's out that 2016 was the worst year for the auto insurance industry in 15 years. Thinking about it, it's not surprising given the other information that's known. Due to lower gas prices and job growth - we had the most miles driven since 2007. More cars and time spent on the road = more opportunity for accidents. That's a exactly what happened. So now for the impact to you.
Just as is the case when there are hurricanes that cause significant damage - even if you personally don't have damage that requires filing a claim...our auto insurance rates are on the rise. The auto insurance industry actually lost money in 2016. The worst performing company of all was State Farm - which posted a $7 billion loss in it's auto insurance division. As a result most drivers, especially in higher risk areas, which SFL is - are seeing increases upon renewals in 2017.
If you've had a claim - you're most especially likely to see a significant increase. That could provide increased incentive to shop around if you haven't in years.