Mind: Blown

[arcenite]

Haha funny how that works isn't it?

Yeah... if you don't shop at renewal you're probably getting screwed. No matter who your insurance is with.

 

[sactoking]

I need to switch, I feel like i'm getting raped by State Farm. Three years ago I was paying $96/mo. for USAA in Wyoming. I moved to Kentucky and switched to State Farm at $120/mo (USAA wanted to raise me to $140/mo, I guess because bigger city, not sure). Three years later, and I'm at $140/mo with State Farm. No accidents, no tickets, nothing, it just keeps inching it's way up every 6 months. I should probably switch back to USAA, I'm sure it's cheaper now.

It's probably not even that technical of an answer. You have to remember that insurance rates are not set nationally. Insurance rates are set regionally and are based primarily on the company's own claims history. While it would be easy to say "Kentucky has more people than Wyoming so it's more dangerous so my rate went up" the more likely explanation would be "People with USAA in Kentucky have more/larger claims than people with USAA in Wyoming". That's why you get such disparities across companies for the same driver or across states for the same company; it's all based on loss history (and not necessarily yours).

 

[gorcorps]

I pay ~$450/6 mos for full coverage on a car <1 year old through State Farm. Seems reasonable to me.