Many things can affect the price of your car insurance.
We understand how frustrating it can be when your car insurance goes up. When you add a car or driver to your policy, you know there might be an increase. Unfortunately, some things are out of your control, like medical and vehicle costs or weather-related claims.
We monitor claims trends and use that data to predict future claims costs and the need for statewide increases. If we increase rates it may be because repair and replacement costs have gone up, and we have to make sure we can cover future claims. We never raise rates to make up for past claims.
Rate changes at renewal
When costs related to claims go up, we raise our rates to make sure we can cover you. These costs include:
- Car parts and labor
- Medical costs like ER visits and prescriptions
- Legal fees for at-fault accidents
Who does it affect?
A statewide increase is spread across drivers in your area. We also consider your driving record. Members with accidents or tickets pay higher rates than someone who has a clean driving record.
Homeowners rates can go up for similar reasons.
Rising costs are also pushing up home insurance premiums.
