Which of these factors can lead to an increase in your insurance premium?

Having a history of accidents or traffic violations is a significant factor that can lead to an increase in your insurance premium. Insurance companies assess risk based on the driver's past behavior. A record of accidents, particularly if they are recent or involve severe claims, indicates to insurers that the driver is more likely to file future claims. Similarly, traffic violations suggest risky driving behavior, which raises the probability of accidents. As a result, insurance companies may adjust premiums higher for drivers with such histories to compensate for the increased risk they represent.

In contrast, having multiple insurance policies can sometimes lead to discounts known as bundling, while taking driver education courses generally signals to insurers that the driver is committed to safe driving practices, which can lower premiums. Additionally, maintaining a good credit score often correlates with lower premiums, as it reflects financial responsibility. Therefore, these factors typically do not contribute to an increase in premium, unlike a history of accidents or violations.