Will my car insurance decrease every year that I don't have an accident?

If I am accident-free, shouldn't the cost of my insurance decrease every year? I haven't had an accident in over 10 years. The cost of my insurance policy seems to be around the same price for every renewal.

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Shannon Martin
Answered on Jul 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“Having a good driving record, as you do, is one of the strongest rating factors in your insurance policy.
However, it is not the only factor that is taken into consideration.
The cost of healthcare in your area directly impacts the rate of the bodily injury liability on your policy.
Collision coverage can depend on things like how much traffic is in your area and the cost of parts and labor for your vehicle.
Even with this taken into account, you should feel comfortable with the amount you pay for car insurance. If you have been with the same company for the past 10 years, it may be time to shop for new car insurance.
One excellent option is to use the free Jerry app. Jerry gathers the lowest quotes from over 45+ carriers in under a minute. And they’re-shop your policy every renewal to make sure you always have the best rates.”
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