Car insurance question

The value of your vehicle is only closely tied to your collision and comprehensive coverage.

Liability coverage is what costs, even with a safe driver. Have there been road infrastructure changes around your home in the last few years? Did you recently get married? Has your credit score decreased in the last few years? Has certain intersections around your home become less safe lately? Has your vehicle continually performed badly in crash tests?

Or have you only recently gone with Farm Bureau? Lots of companies give you their best rate when you're new tgen increase you to where the rest of their customers are over time.

There are lots of things that could cause this. Or the company could always just be being an arse, too.

I called my insurance company about an increase last year when my policy renewed and they said it was a 5% increase across the board for all LA drivers- I'm with USAA.

I'm with FB as well, and at times, I've seen a rate increase despite the decline in value of the car. Agent explained that the costs related to repairing said car had been reclassified...apparently happens w/some imports. Older cars can actually cost more to fix....at least that's what he told me at the time. I just bought a new car, and it costs me about $6/mo less than my previous car, which was 12 years old.

lots of auto companies have taken increases in rate. don't take it so damn personally. shop it or deal with it.

quote:

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Older cars can actually cost more to fix....at least that's what he told me at the time.

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Same thing was told to me about 10 years ago. Agent told me that motorcycles have some of the lowest rates around bc they are cheap to repair .

Don't forget that insurance company employee costs have increased. I have heard this is due to obamacare. TIFWIW