Have you noticed your auto insurance rates increasing? If so, you aren't alone. Auto insurance rates are increasing in Colorado in general, due to a number of factors that may have nothing to do with you or your driving. Here's why.

The Population of Colorado is Growing

There are more people now in Colorado than ever before. More people means more crashes. The number of claims from Colorado is increasing, and that isn't likely to stop — Colorado has become a highly desirable place to live. With hundreds of thousands of people expected to move in over the next few years, you'll find parking lots crowded and streets more congested. All of this increases the likelihood that you could get into an accident (or, more specifically, someone could get into an accident with you).

State Laws are Loose

Colorado is also at a disadvantage because its laws are loose regarding automobile-related lawsuits. Because of this, every claim that is made does have the capacity of being a much larger claim — and these claims are more likely to occur. While legislation may be able to fix this in the future, for now, it remains a problem that Colorado residents are going to have to deal with.

Newer Cars are More Expensive

New cars come with a higher price tag. Today's cars have advanced technology that makes them safer (and more fun) to drive, but that also means that they cost more to repair. Cars are increasingly becoming more complex, and this growing complexity does mean that auto insurance rates have to increase. A small "fender bender" that was once just a few hundred dollars could now be thousands of dollars due to the sensors and components that now surround the average car.

Lowering Your Insurance Costs

Thankfully, none of this means that your insurance has to be more expensive. You can lower your insurance costs quite a bit by following a few simple tips. With the average premium increasing by about 15 percent in 2018, saving just a little monthly could mean saving a lot annually.

• Review coverage needs with your agent. If you have a vehicle that's older, you may not need physical damage coverage. If you already have a second vehicle, you might not need to be reimbursed for car rentals and other related expenses. Your insurance agent will have the answers, so make sure to talk to them.
• Be more mindful on the road. Some of these increases are because there are now increased hazards. Expect more drivers on the road, some of whom may be unfamiliar with the area and drive in unpredictable ways.
• Shop around. By working with an insurance agent like us, you can get insurance quotes from many different carriers.

Your insurance costs might increase in 2018. It may be time to start looking for another plan. Contact us at Kyle Insurance Group - Affordable American Insurance now for more information.