Why Is My Insurance 200 A Month. The premium is guaranteed not to increase for the life of the term period. Ironically, 28% of the survey’s respondents, and a third (33%) of millennials queried already believe they’re paying too much for car insurance.
If you’re currently paying a $500 or $1,000 deductible and your rates went up, a good way to get those down is to ask your insurance company about raising your deductible. However, premiums must continue to be paid, every month, in order to maintain coverage. Insurance scores are used by many carriers to rate policies.