If you own a car, a condo, a house, or anything else that you have insured, you undoubtedly noticed your bill got a LOT larger recently. You probably have two questions:
1) Why?
2) What can I do about it?
The Whys
Insurance premiums increase (they almost never decrease!) because the entire insurance industry is based upon risk. If an insurer is more likely to face claims, or higher amounts of claims, it will protect itself by raising premiums.
So what in the world is going on to cause such stark increases? A lot of things.