Carriers constantly refine their rates, based on their overall loss history and other market shifts. Typically rate changes are increases. Sometimes, not very often, it would be a decrease. The same question can be asked about a rental increase, why did my landlord increase my rent? Am I a bad tenant? The answer is no, however, the market went up and so did my rent. I can try requesting a discount since I am I good tenant and I pay my rent in a timely manner, though the landlord can oppose. Same with insurance, we can try applying discounts but with no guarantees.

Answered by: Rikki Stark – – Account Executive