any suggestions why does auto insurance increase?

Question

can someone tell me if their is anything i can do my auto insurance is through state farm has been every even when i was sixteen years old when you leave home and move they told me my auto can go up sixty dollars or so i can hardly afford it now. does anyone know what i can do.

Answer 1

With State Farm, there's lots of things. Your rates can actually vary based on zipcode, so that could be it right there. You unluckily moved into a higher rated area. Also I'm thinking that you were on your parents policy (since 16 year olds can't HAVE their own insurance policy), so moving out would mean them transitioning you to your own policy all by yourself. That would lead to you losing out on any discounts your parents were giving you to negate the fact that you're young. Then, of course, there's all of those typical things everyone else is mentioning.. new accidents or violations, etc.

Answer 2

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Answer 3

What I can tell you is that I work for a large insurance company which is not State Farm, but deal with them a lot. Actually use to have them myself. Anyways most insurance companys will raise your rates if you in an accident where your at fault, and the damages are more than 1,000 in total for your damages & other persons. Or lets say your car is hit by an unknown person if you dont file a police report its put in as a one car accident, even though it was hit by someone else. There's just no proof that there was another veh, and in that case your rates may go up. Now if your in an accident, and not at fault damages can usally be any amt, and rates shouldn't go up, as long as there is evidence of who the other person was.. So needless to say, if your car is ever hit, and you dont know who did it FILE A POLICE REPORT.. But basically as far as lowering your rates, State Farm is rather expensive, and I have nothing personal against them, just dont care for there service. Anyways, you could always raise your coll ded that would lower premiums a little, raise comp ded may lower slightly.. But if you have any tickets those usally stay on for 3-5 years, and will increase your rates, or if you have a lot of claims filed. Or if you have bad credit, State Farm as well as most other companies check credit now a days. Also as I said earlier most companies will raise rates if damages are over 1,000, I was told by reliable people that State Farm raises at $750.. Hope this helps, another thing to do is get renters, or home owners insurance thru them, you'll then get a discount on auto insurance. I would really check out some other companies in your area, and would advise to steer clear of the ones where you have to start policy's online, you'll get the best rates, by dealing directly with an agent... Hope this helps a little, probably didn't, but I could sit here for another hour, and give you options on what to do..

Answer 4

Just shop around for insurance. Call different auto insurance companies and get quotes. My mother cut her insurance bill in HALF by doing that and she still had the exact same coverage as her previous insurance company. You can also increase your deductible to lower you rate, and lower your coverage amounts to lower your rates. Example: a $1000 deductible will be less than a $500 deductible and $25,000 collision and $25,000 liability will be less than $50,000 collision and $50,000 liability. Hope this helps...Insurance companies will not always tell you these things, because they want $$$$$$$$$$$$ and they know when someone comes in that is not informed about their choices. Good Luck.

Answer 5

Hi I am not sure how old you are now, but when your insurance go up,normally they will, if you don't do something about it. Try to shop around online, don't just stick with one company, get different quotes from different company. and tell state farm that you will switch company if they don't give you a better rate .For more information about car insurance, check this site out www.carsinsurancetips.com
Hope this helps!good luck!
kity

Answer 6

Things that will increase you insurance premiums:

Moving violations & tickets,
Changes in "most popular cars to steal,"
Increase in the number of claims you have had on your insurance,
Increasing costs of replacement parts (Inflation).

Answer 7

Insurance rates are determined by hundreds of data prameters and a very complex rating algorithim is ...... you know what -- just never mind.

Answer 8

Because of youngsters and seniors

Answer 9

Use punctuation.