From the monthly archives: September 2016

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Why Auto Insurance Rates Go Up

Written by on 9/12/2016 6:30 AM . It has 1 Comments.

We have all been there.  Opening your auto insurance renewal invoice with one eye closed and fingers crossed.  How much did the rate increase?  If you are fortunate, you can breathe a sigh of relief seeing that your rate stayed the same, went up only slightly, or in that “Christmas came early” moment…your rate went down!


Why do rates change so much?  To answer the question, you must first really understand what in the world your auto insurance actually covers.  Visit Galt Insurance to learn more.

One of many driving factors that can impact your auto insurance rate is your credit. Insurers have found a correlation between low credit scores and a higher number of insurance claims as the WSJ article suggests.  The good news is that each insurer will weigh the impact of credit differently.  This is why it is so important to have anindependent agent on your side that represents multiple insurance carriers.



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