{"id":300,"date":"2024-02-16T16:34:15","date_gmt":"2024-02-16T16:34:15","guid":{"rendered":"https:\/\/www.acceptance.com\/blog\/?p=300"},"modified":"2024-04-15T18:52:32","modified_gmt":"2024-04-15T18:52:32","slug":"how-to-beat-insurance-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.acceptance.com\/blog\/how-to-beat-insurance-rate-hikes\/","title":{"rendered":"How To Beat Insurance Rate Hikes"},"content":{"rendered":"

How To Beat Insurance Rate Hikes<\/h2>\n\n\n

Insurance companies across the country are raising rates -here\u2019s what you can do about it.<\/p>\n\n\n

Prices Are Going Up For Cars<\/h2>\n\n\n

Used car prices are through the roof<\/a> \u2013 up almost 29% since November 2019*<\/a>. This means a car that would\u2019ve cost $10,000 in 2019 now sells for almost $13,000! <\/p>\n\n\n\n

Why? Automakers can\u2019t build enough cars to meet demand. That means that more people are buying used cars than ever before. This increased demand is causing prices to go up (like crazy<\/a>) on all cars, and the parts and service needed to keep them running or fix them after accidents. <\/p>\n\n\n

Prices Are Going Up For Car Insurance<\/h2>\n\n\n

With global supply chains backed up around the world, spare parts are harder to come by. These delays run up costs for shops that have vehicles waiting for repair, and for drivers who need rental cars while they wait. The rising prices for auto parts and service mean it\u2019ll cost more to get damaged cars back on the road. As a result, lots of the top insurers are raising their rates. They\u2019ll have to pay more to repair or replace the cars they insure, and those prices get passed on to customers. <\/p>\n\n\n

How To Avoid Rising Rates <\/h2>\n\n

Lock In Your Rate Now<\/h3>\n\n\n

Paying your insurance premium for a whole year may require more money up front, but you could save yourself in the long term. <\/p>\n\n\n\n

First, insurers tend to charge better prices with fewer fees if you pay for a year, or even 6 months, in a single transaction \u2013 this is sometimes called a \u2018Paid In Full Discount\u2019 <\/p>\n\n\n\n

The other benefit of paying in advance is protecting yourself from rising rates. Once you pay for a year\u2019s worth of coverage, your rate is locked for the year, and the insurer can\u2019t raise it-unless you make a change like adding a vehicle, driver, or move to a new address. <\/p>\n\n\n

Shop Around <\/h3>\n\n\n

If you haven\u2019t compared other insurance rates lately, now\u2019s the perfect time. At Acceptance Insurance we shop for you \u2013 so with one call or visit you can get prices from multiple carriers \u2013 and a friendly expert to help explain the differences between them all.  <\/p>\n\n\n\n

Start by talking to a friendly local acceptance agent \u2013 Click here to find the location nearest you<\/a>. Don\u2019t like the phone? We\u2019ve got live chat Monday-Saturday<\/p>\n","protected":false},"excerpt":{"rendered":"

Insurance companies across the country are raising rates -here\u2019s what you can do about it. Used car prices are through the roof \u2013 up almost 29% since November 2019*. This means a car that would\u2019ve cost $10,000 in 2019 now sells for almost $13,000!  Why? Automakers can\u2019t build enough cars to meet demand. That means that more people are buying used […]<\/p>\n","protected":false},"author":8,"featured_media":146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[9],"tags":[],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/acceptance.com\/how-to-beat-insurance-rate-hikes\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How To Beat Insurance Rate Hikes","url":"http:\/\/www.acceptance.com\/blog\/how-to-beat-insurance-rate-hikes\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.acceptance.com\/blog\/how-to-beat-insurance-rate-hikes\/"},"thumbnailUrl":"https:\/\/www.acceptance.com\/blog\/wp-content\/uploads\/sites\/2\/2024\/02\/AAC-AUTO-AT-1-5-150x150.webp","image":{"@type":"ImageObject","url":"https:\/\/www.acceptance.com\/blog\/wp-content\/uploads\/sites\/2\/2024\/02\/AAC-AUTO-AT-1-5.webp"},"articleSection":"Saving Money","author":[{"@type":"Person","name":"Cyndi Wright"}],"creator":["Cyndi Wright"],"publisher":{"@type":"Organization","name":"Acceptance Insurance","logo":""},"keywords":[],"dateCreated":"2024-02-16T16:34:15Z","datePublished":"2024-02-16T16:34:15Z","dateModified":"2024-04-15T18:52:32Z"},"rendered":"