Skip to main content

Why Auto Insurance Premiums Are Going Up


Auto insurance premiums have been on the rise in recent years, and several factors are contributing to this trend. Some of the most common reasons for rising auto insurance premiums include:

Increased claims frequency and severity: The number of car accidents has been on the rise in recent years, and the severity of those accidents has also increased. This is due in part to factors such as distracted driving, drunk driving, and the aging population. As a result, insurers are paying out more in claims, which is driving up premiums.

Rising medical costs: The cost of medical care has been rising steadily for many years, which also impacts auto insurance premiums. When someone is injured in a car accident, their medical bills can be significant. Insurers must pay these bills, and this drives up the cost of premiums for everyone.

Changes in state laws: State laws can also have an impact on auto insurance premiums. For example, some states have passed laws requiring drivers to carry higher insurance coverage. This can lead to higher premiums for all drivers in those states.

Insurers moving out of state: Many quality insurers are leaving the state, reducing competition and reducing costs. It is always a good idea to have your agent shop for the best possible combination of coverage, price, and service.

Founded in the Belltown neighborhood of Seattle in 2004, we now service the entire west coast, including Washington, Oregon, and California, with office locations in Seattle and San Diego. At Belltown Insurance Group, each one of our clients is given a dedicated team of experts that work together to proficiently address all your concerns.

We offer all types of Personal Insurance coverage to our clients in Washington, including Auto InsuranceHomeowners InsuranceIndividual Life InsuranceMotorcycle Insurance, and Boat & Watercraft.

Give one of our agents a call to save money on your Business Insurance. Some of our Commercial insurance coverages include Business Owners Policy (BOP)General LiabilityCommercial AutoWorkers Compensation, and Bonds.


Ready to Request a Free Quote? GET STARTED TODAY