Why Do Auto Rates Increase and What Can I Do About It?

To stay viable, businesses are required to sustain higher revenues than expenses, and the auto insurance industry is no different. Auto insurers gain revenue from the premiums their customers pay and incur expenses when fulfilling their obligation to pay for damages. If total claims are higher than total premiums, the company faces a serious problem. The costs to repair damaged vehicles continues to increase, as does the cost of the medical procedures necessary to help accident victims recover from their injuries.

Although the total cost of insurance may go up most years, there are certain measures you can take that may help control or reverse this trend, including:

Multi-Policy Discounts. The more insurance policies you purchase through the same carrier, the more discounts you may receive, and the convenience of having one bill for all your insurance policies is of further benefit.

Defensive Driving Course. Join Brian Merriam, CPCU, ARM, AAI in Schenectady, New York at 376 Broadway for a New York State sanctioned Defensive Driving Course. This 6-hour, two-night course (3 hours each night) is valid for 3 years and can save you 10% on your auto insurance as well as remove points from your license.

Risk Reduction Credits. Vehicles equipped with daytime running lights, anti-theft devices, passive restraint systems, and anti-lock braking systems may qualify you for additional discounts.

Your risks may not be as great as the premium you are paying suggests. Merriam Insurance recommends we meet and review your policy to ensure your policy correctly reflects the discounts and features you should have. Contact us today to learn more.

Richard Hale

Richard Hale

Rich joined Merriam Insurance in the spring of 2017 as the Marketing Director. He earned a BA in English Literary Studies from the University at Albany, and has obtained his Six Sigma Green Belt certification from Motorola University.

Rich is most passionate about helping people understand the important benefits of working with an independent broker such as the Merriam Insurance Agency. It is his mission to ensure clients know where they can gain access to everything they would need, should the unthinkable happen.

When he's not working, Rich enjoy's spending time with his two teenage children and their golden retriever Alfred.

Marketing Director
Schenectady, New York

Toll-Free:
(877) MERRIAM x 212
(877) 637-7426 x 212

Richard Hale

About Richard Hale

Rich joined Merriam Insurance in the spring of 2017 as the Marketing Director. He earned a BA in English Literary Studies from the University at Albany, and has obtained his Six Sigma Green Belt certification from Motorola University.

Rich is most passionate about helping people understand the important benefits of working with an independent broker such as the Merriam Insurance Agency. It is his mission to ensure clients know where they can gain access to everything they would need, should the unthinkable happen.

When he's not working, Rich enjoy's spending time with his two teenage children and their golden retriever Alfred.

Marketing Director
Schenectady, New York

Toll-Free:
(877) MERRIAM x 212
(877) 637-7426 x 212