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Bellefontaine Ohio auto and home insurance rate increases and solutions- Alan Galvez InsuranceWorried about your insurance rates going up? Here are some things you can do to prevent a rate increase! There are a lot of factors that go into determining your insurance rate. And at times, your rate may go up (or down!) Let’s look at what can cause changes:

You bought something new. If you purchase a new vehicle, there is a good chance your insurance rates will change somewhat. If the vehicle is newer, more expensive, or if you have a loan that requires comprehensive and collision coverage, your rate may increase.

Why do some vehicles cost more than others? Simply because some cost more to fix or have a higher chance of being stolen, for example. All of these things play into the rate on that particular car. Read several other reasons why Ohio car insurance premiums can change.  

You changed your household. Any household changes may change your rate. Getting married might lower your rate, but adding a teenage driver will probably increase it! Rates are determined by the age and driving history of each person in the household. That doesn’t mean you’ll see huge swings in price, but just keep it in mind when making changes. 

You moved. Rates are also calculated based on the zip code where you drive the most. If you move from a high traffic city to a much less populated rural area, your rate will go down (and vice versa). Or if you are now driving more miles to get to work, that will likely increase your premium.

You upgraded to a larger home when you moved. If it cost $150,000 to rebuild your previous home and your new home costs $300,000 to rebuild (due to larger size, more features, etc.), chances are pretty good the premium will increase. Remember, insurance covers your home at replacement cost- cost to repair or rebuild at today's cost. So that's the amount listed on the policy. Read additional ways to help control your Ohio homeowners insurance rates, along with how to reduce the potential for claims

You got a ticket. Unfortunately, getting a ticket can raise your rates. It shows that you’re at a higher risk of having an accident and causing a claim. Keeping your driving history clean will save you money!

You lost a discount. Most policies have several discounts included and if those discounts expire, your rate may increase. If you’re receiving a discount for being accident free for several years and then have an accident, the loss of the discount will increase your rate. Or your homeowners policy was claim-free and then you have a claim. Maybe you were receiving a discount for having your policy on EFT or paid in full and you changed your payment plan.You might see a slight increase here too. The point is, there are many possible reasons for losing discounts. 

The best way to keep your rate low? Work with us! As a local agency, we’ll review your coverage, discuss your discounts, look at potential risks for rate increases, and help keep you protected. Call us at 937.592.4871 today for a quote or you can request your Ohio auto insurance quote and Ohio home insurance quote right from our website.   
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Alan Galvez Insurance
134 W. Columbus Ave.
Bellefontaine, OH 43311

 (937) 592-4871

 info@galvezinsurance.com

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