Your premiums may have increased for various reasons, including a decrease in your credit score or filing many claims in a year. Rising disaster loss expenses, increased reinsurance costs, supply chain disruptions affecting building supplies and labor, and social inflation may arise from these rate changes. So, if you made coverage changes, like adding an endorsement or increasing your policy limits, you most probably will have to pay more for your policy. Discounts and other methods of lowering your charges are also available.