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

Question

842 viewsJuly 30, 2023

1

LuckScout Member July 26, 2023 0 Comments

A pertinent question. I know it has something to do with inflation but, really? Is it a rip off?

score 1 · Answer 1 · 2023-07-28T07:06:58+00:00

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.