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Why does my insurance keep going up when my car keeps getting older?

Other than the obvious answer that you have “new” speeding tickets, accidents, drivers, or changed addresses you have to remember that the Michigan car insurance policy covers more than just the car. One of the largest coverages you pay premiums for is unlimited lifetime medical and three years of wage loss. You should see your property premiums go down as the vehicle loses value over time, but sometimes the medical increases are so great that it takes the total policy higher. Take a look at the line items on your declarations pages sent to you by the company and compare them from year to year. You should find out that your assumption is correct; premiums for the car are going down from year to year. As always many things go into a rate and that is why an Trusted Independent insurance agent is there to help you.

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Charvat Agency, LLC
180 East Michigan Avenue Three Rivers, MI 49093 (269)-279-2521