how often can my auto insurance change in one year?
February 6th, 2010 | by The Broker |
gerber asked:
I have not had any tickets ever in the last 30 years, I pay my auto insur every month on time, I havent changed my policy in 2yrs and I havent had any car accidents. How often can my they renew my policy and charge me more? I’m with farmers insurance theyve done this to me 4 times this year already. It started at 89./mo now its up to 135.!
I have not had any tickets ever in the last 30 years, I pay my auto insur every month on time, I havent changed my policy in 2yrs and I havent had any car accidents. How often can my they renew my policy and charge me more? I’m with farmers insurance theyve done this to me 4 times this year already. It started at 89./mo now its up to 135.!
4 Responses to “how often can my auto insurance change in one year?”
By ca_surveyor on Feb 8, 2010 | Reply
Time to talk to a new insurance company. Most policies are good for a year or 6 months which means no changes in that period. If you are buying your insurance on a month to month basis with an excellent driving history you should not be paying $1500 per year unless you are driving something new and expensive.
Go shop around. It costs you nothing to compare.
.
By j2tharome_15 on Feb 10, 2010 | Reply
The insurance company can change their rates as much as they wish. The only thing is they need to get those rates approved by their state’s Department of Insurance. The reason why they raise rates is because in that particular state (or even area) the company has had to pay out alot of claims to their customers. In order to retrieve that lost money, they raise the rates to clients like yourself.
You can switch anytime you like. I think after the first time they raised your rates you should’ve considered shopping around for a better deal.
By a car guy on Feb 10, 2010 | Reply
1. Laws in your state have changed allowing insurance companies to charge higher rates — or your company specifically appealed to the state to allow higher rates.
2. Your credit score has changed
3. Claim costs for your make/model car have risen, or the accident rate in your area has risen
4. Possibly some discounts have been discontinued — or you no longer qualify
To get the real answer, call your insuance company. We here on this answer board can only guess.
By brandon j on Feb 13, 2010 | Reply
unless you have made any changes it should not change 4 times a year. if the premium were to increase or decrease it will do so at renewal. is it possible that you have a funky billing cycle? a lot of times the first payment at renewal is a little more than the rest. i would call your agent and see if any changes had been made. if you are financing a car and needed full coverage and did not have it then that could have been added. or, if you are financing a car and did have full coverage but the deductible was too high to satisfy the lien holder then it could have been lowered, which would increase your premium. another factor could be if you had a multi-policy discount (home and auto, etc.) and cancelled a policy. then this discount would not be applicable and your premium would go up. best bet is to call your agent and ask. hope this helps…