Rates can increase due to factors like filing claims, changes in your credit score, adding coverage, moving to an area with higher risks, or overall cost increases in the insurance industry.

Insurance rates may increase due to factors like inflation, claims history, changes in risk factors, or new policy terms. Regularly review your policies to ensure you're still getting value for your premium.

Your broker explains that your home insurance rate increased due to rising construction costs in your area, helping you understand the changes.

Ask your broker to explain rate increases and explore alternative options if your premiums become too high.