Why Did My Auto Insurance Increase?

By: Woop Blog Group
Updated
Friday, March 8, 2024

Rates have been rising for nearly every necessary household cost, and auto insurance hasn’t escaped this. Looking at your monthly budget, has probably left you wondering why your auto insurance increased… and that’s why you’re here! Read on, so we can try to explain this to you, and help you make the best decision for your coverage and policy options.

 

The monthly budget of the average American citizen has been adjusted drastically these past couple of years with all of the crazy, unpredictable things life has thrown at us, due to the global pandemic and its many after effects. Everything in the US has increased in price, as I’m sure you’ve noticed.  Auto insurance is one of those things that has also increased for several different reasons. We created the visual below to help you easily process this complex information and understand it:

Auto insurance increases for many different reasons, and unfortunately, that is just the way the economy is right now. While we can’t predict the future or turn the economy around, we can help you find the best option for your budget. The Woop app is designed so you can easily compare your coverage. Using our personalized Consumer Dashboard Report, you are able to discover how companies are creating your profile and personal premium cost. Get started now!