State Farm Blames Rising Car Insurance Rates on 3 Factors

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It’s something no one wants to hear—but, unfortunately, car insurance rates are rising everywhere.
After all, the cost and frequency of claims are also increasing, thus affecting car insurance premiums. It’s an industry-wide issue that affects most of us who need a vehicle to get to work, school or run errands, and/or drive our kids around constantly to their various activities.
When you think about it, it’s not too much of a surprise, as it seems that just about everything becomes more costly as time goes on. But what exactly is causing car insurance rates to rise, and can anything be done about it?
Here are three reasons car insurance rates are rising for everyone, according to State Farm.

More driving = more car insurance claims

In recent years, lower gas prices have made driving more affordable for more American families. But more miles driven overall means there’s been an increase in accidents and insurance claims —and unfortunately, that means that insurance rates are increasing in order to cover these costs.
Everyone can make an effort to help with this problem by practicing safe driving habits. Remember to follow basic safety rules when driving—buckle up, obey traffic laws and pay attention to the road. Accidents can happen very easily, even if you take your eyes off the road for just a second.

Is distracted driving on the rise?

We’ve come to rely heavily on our cell phones to stay connected, but this isn’t such a good practice to mix with driving. In fact, a State Farm survey revealed that almost one-third of drivers access the internet while driving and that 10% record video with their phones.
Sadly, statistics show that teens are more likely than other age groups to be involved in distracted driving accidents. Be mindful when driving, and avoid doing anything that takes your attention away from the road, like reading or answering a text.

The increasing costs of repairs is driving up car insurance premiums

Stronger materials, smart sensors for parking, lane departure warnings, and other tools for improved safety are becoming standard on many vehicles. Of course, these devices have helped make driving safer in some ways. But they are also expensive to repair, contributing to rising insurance costs.
In fact, State Farm reports that the cost of body of work has increased almost 40% more than overall inflation and that collision claims increased 8.2% from 2014-2015.

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Despite the rising costs of insurance, you can still save money and get excellent coverage—and Jerry can help.
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