Crazy Reason your insurance went up: Zero Dollar Insurance Claim and your insurance rates go up.

This one behavior could make your insurance premiums go up. You might know that if you make a claim on your insurance that your rates could go up when you renew your policy. But did you know that the insurance premiums will probably go up even if you just call the insurance company? Let's say you call to ask about your policy or even just to chit chat with the customer service agent. Those are what's called in the insurance industry zero dollar claims. I know what you're thinking. That's not a claim. Why would the insurance company increase my rates even if I don't make a real claim? After all, it didn't cost them any money. Well, from the insurance company's perspective, if you are calling about your policy, you're the kind of person who might just use the insurance. Insurance companies prefer people who sign up for their insurance and forget about them. They love people who pay the premiums and never give them a second thought. Of course, this also explains why making a legitimate claim that actually won't save you that much money could also be counterproductive. It might end up costing you more in the long run. If your deductible is $2,000 and the cost of repairs will be $2,100, making a claim will only save you $100. But it could cost you a lot more than that over the long run if the claim causes your premium to go up. So if you have a question about your policy, do whatever you can to get the answer to your question without resorting to calling the insurance company. This is one reason why having an independent insurance broker is so useful. You can call them and ask all the questions you want and never trigger a $0 claim. They can also shop around for the best coverage at the best price. It's like having an expert on your side. At the Yukon Project, we've partnered with the largest independent insurance agency in the country. It takes only a couple of minutes to sign up. We will have an insurance agent that specializes in your state contact you. Our partners have relationships with almost 200 insurance carriers. So the goal is to find coverage that you need at the lowest possible price. It's about having an insurance expert on your side. It can give you the confidence that you're getting the right coverage at the lowest possible price. Follow us for more personal finance insider information. Thanks for watching.