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Personal Finance (Not Investing) • My Auto Insurance 6 month premium is going dramatically UP?

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Hello. I have State Farm and I was enjoying $56 a month rate but come May it is going up $49 more per month. I’ve never seen an increase this much in my life.

I have 2 jump start battery claims. Zero accidents. No changes in my coverage. I also use the app that monitors my driving and my score is really good.

What is causing this?
I wondered the same. It's common nationwide actually. If you look it up you'll get reasons (excuses?) like inflation, a lot more claims since covid because apparently people forgot how to drive, and a lot of natural disasters. I think it all sounds rather flimsy tbh.
An increase is fine but my increase is nearly doubled. Generally, that happens when you have an accident claim.

Statistics: Posted by Vanguard User — Wed Mar 27, 2024 1:22 pm — Replies 107 — Views 4027



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