Why do insurance premiums increase even when you have not made a claim?

They claim that is a buffer for inflation but also take care, you may dealing with a scum insurance company.

I believe the reason why most of the cost goes up is because of those who do file a claim and we have to pay for it.

It’s definitely a profit + also inflation and raise of living cost ! Unfortunately!
If you wanna claim – you have 1000..00s of things you must do in order to even qualify. But they can use 1 thing to shut all claim down. ( some tiny comment in small print)

it should be straightforward and easy, but I also understand that loads are doing fraudulent claims therefore they must take extra security. 🤷‍♀️

We have had contacted to insurance company. They said, the hospital fee was increased, so it couldn’t coverage the same amount. To reduce your bill use same insurance company your house and car.

Even if you have not made a claim, others have, so they average it all out and everyone has to pay.

I would state that it all boils down to greed.Especially when these insurance companies know the financial struggle of the consumers.

I would say that’s its mostly inflation and maybe a little for profit growth. That’s all i got my Friend!!