I started at $135 a month, and just this month I went up another $20, and just got a notice today from progressive that they're raising it another $60.
Ive only had it maybe a couple months, nothing on my record and im wondering why they'd do that or if they can even do that.
An entire $80 raise in cost only 12 days into the month is crazy and I can't throw up that much
Posted by DrummMuttt
7 Comments
I understand you likely just posted this to vent, but we would need more context to have any idea.
How old are you? What state is this in? What do you drive? What kind of coverage do you carry? How did you obtain this policy (did an agent write it or is it something you wrote for yourself online)?
Call them and ask them why they’re doing it. They should be able to explain why your rate has gone up, and if it’s a mistake, you can try to fix it. Otherwise, you just have to shop around and see if you can do better elsewhere.
My guess is since this is a new policy, there’s something in your record that showed up when they did their detailed underwriting. Maybe it’s an error, maybe it’s something accurate. Only one way to find out. Good luck.
A lot of times policies are written inaccurately, I’m not sure if you filled out the application online or over the phone with an agent but if you misrepresented whether intentionally or not it most likely went up for that reason.
It’s best to get insurance over the phone with an agent so they make sure the are advising you on filling out the application accurately.
If you put down a bunch of information that’s not true or failed to complete a task they asked you to complete post bind that will cause the rate to increase and they can legally do so.
Forget explaining your situation to us. Start shopping your insurance to save yourself money – or – find out that your rate is what the market is charging.
Auto body repair prices are impacted by tariffs and are going up, also shops being bought out by private equity. And you’re in a fairly high risk group.
How was it doing up every month? Aren’t policy contracts for 6 months?
Call and ask why it increased.