How many times will State Farm increase our Auto Policy? What is really going on? Technology is here already, a decade ago was truly affordable. Beside online payments, the ability to change policy, what else? Where are they getting these basis from? Is there a centralized system, based on number of accidents in the area we live in could be a factor to these increases, if so, the community should be aware for any accidents occurred and recorded a potential spike in rates can trigger these increases. Sorry I am just assuming, I hope I am wrong.
Posted by ObserverOfDesigns
3 Comments
State Farm is years behind in increasing rates so, yes, they will likely continue to go up in the near future.
And yes insurance carriers look at frequency and severity of accidents, claims and thefts in your zip code. Every carrier does.
If you’re not happy with your rates, shop around. Every carrier rates differently.
https://preview.redd.it/3mjanye6ihlf1.png?width=1432&format=png&auto=webp&s=6f8148a4e0c7d762e203b79a95d483a2f824d4ad
i ran a query w/Claude AI and indeed these mechanisms do drive the car insurance rates. I believe the City & County should get involve on how these streets are designed. It could well mean more accidents by having these systemic factors, road design, traffic patterns, vehicle technology and infrastructure quality, or even confusing intersections can drive up accidents.
Car parts and shop time have astronomically gone up with inflation.