|Last year’s storms cost insurers millions in claims paid to customers. Unfortunately, those payouts are translating to higher premiums in 2018.
Insurance companies are bound by law to pay on any covered loss they insure. If there is a bad storm year or anytime they pay out more in claims than they collect in premiums, the companies will have to recalculate their risk, which usually means increased premiums for insureds.
Luckily Nebraska didn’t suffer as bad as states like Texas and California, but it’s always a good idea to check annually and make sure you have the right coverage for your needs.
Be sure to let your agent know right away if you purchase a new car, get high value items including jewelry, electronics, or sporting goods, or if you are moving or getting married.
Another important factor in claims being on the rise seems to be distracted driving. Car insurance rates are getting higher every year due to the increase in accidents and the repair costs – even things that seem small can be hundreds if not thousands of dollars.
Using devices like a smartphone, trying to load a DVD for kids in the backseat, or trying to pull up directions on your navigator can be a be dangerous distractions and can lead to accidents. We encourage you to turn off all handheld devices when driving.
One of the great things about working with an independent agent is you get the benefit of being able to check multiple companies to find the best rates. Call your agent if you have any questions or concerns.
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