Quote:
Originally Posted by Carefree
My understanding is your driving record plays a significant role in the premium but a larger percentage is determined by demographics and the accidents, violations, etc. within that geo area, population et al. This was explained to me a few years back by an adjuster and might be totally out of whack today. YMMV
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My insurance broker walked me through what influences he is seeing in the industry that are leading to higher rates overall. The main thing he pointed was the high cost of repair on BMW's as #1 (assume all things equal in terms of the people insured in terms of driving record, age, etc). Windshield replacement alone can be $3500+. On top of that nearly everything we consume now costs more so why wouldn't insurance go up?
Our auto and home policy renews in April so he is going to take another look at rates then. I'm scared of things going up again....