Originally Posted by passing
several factors warrant a rate increase, one of the most common being reinsurance rates going up (reinsurance is insurance for insurance companies), and other individuals in the same risk pool as you had claims.
other factors include.... hurricane sandy, tornados, other natural disasters that occur worldwide.
congratulations on being a year older. you'll save a little more money becuase this is the age that insurance companies expect you to become a little more responsible.
Overall, I'm happy with my rate.
When I had the M3, I was paying ~$1500/year for full coverage (forget exact details). Though it was 1 of many cars on our list...
So about what % does it drop once you hit 25? or it varies?