These are my most recent monthly State Farm vehicle insurance payments, from most recent ($114.35) to sometime back in 2021 ($69.32). I have no control over how much or little they decide to take out of my bank account every month. I noticed it steadily going up over the months until suddenly my December payment DECREASED by $16.75. I really don’t feel like contacting my insurance company with this trifling question but I am curious what affects their fluctuating prices.
$114.35 (December 2025) $131.10 (November 2025) $131.10 $131.10 $131.10 $131.10 $131.10 $122.45 $122.45 $122.45 $122.45 $122.45 $122.45 $121.87 $121.87 $121.87 $121.87 $121.87 $121.87 $100.89 $100.89 $100.89 $100.89 $100.89 $100.89 $95.40 $84.24 $83.56 $83.56 $69.32 (January 2021)
Also, it’s increasing while the value of your car is decreasing. In Texas we used to be able to insure a car for a maximum amount. I could keep full coverage on my kids cars with a $10k max and it was only slightly higher than justhaving liability. Texas has taken away that option.
Yes but I’m wondering why my last payment DECREASED 🤔
Their reason for doing this is “dynamic service cost estimates can change the costs of the service” but it’s really just arbitrary
Insurance companies can charge whatever they want and people have to pay or they can’t afford Healthcare. You pay or you die
Insurance is a racket.
This is vehicle insurance, not health insurance.
This is how every insurance adjusts rates.
But yeah car insurance is maybe even more of a scam because you are legally required to pay it if you want to drive a car which is a requirement to participate in society.
Replacement costs on everything are going up thanks to Trump’s tariffs. So insurance costs on everything are going up:
https://finance.yahoo.com/personal-finance/insurance/article/tariffs-car-insurance-210219360.html
Also health insurance:
https://www.kff.org/quick-take/tariffs-are-driving-2026-health-insurance-premiums-up/
Homeowners & Commercial insurance:
https://www.brickergraydon.com/insights/publications/the-impact-of-tariffs-on-the-insurance-industry
Okay I know Trump is a sebaceous cyst on Earth’s asshole but this is an entirely different matter. I’m wondering why my insurance went DOWN after starting ridiculously low then steadily climbing.
Your vehicle is also getting older and cheaper to insure. You may also have had something fall of your driving record.
or they hopped an age bracket. your insurance goes down once you hit 35-40.
someone needs to tell that to my insurance company
There are usually two factors that can cause auto insurance rates to change:
- Something happened to you personally that caused your rates to change. Like if you were in an accident (and especially if you were deemed at fault), or if you’re vehicle changed in some way. There are other factors too, but those are probably the most common ones.
- Your zip code was reassessed and is now deemed to be more or less risky from an insurance perspective. This decision is separated from your personal actions, but it can still have an impact on your individual rates. And there’s no really transparency on how or why the insurance company comes to a conclusion on this aspect. Which sucks.
My guess is the second factor is thinking into play for you and your rates.
You can also just change insurance companies when 2 happens. My rates doubled two years ago, so I switched providers and went back down to the rate I was at previously. Very common.
I did this two years when state farm raised my rates and gave me some bullshit reason that simple math proved false. My new agency has actually decreased my rates every year since.
Based on your monthly costs it appears that your rates are adjusting during policy renewals (as it seems to be on a 6 month cycle). Looks like it’s automatically renewing, probably with the same coverage, but whatever current rate is. As far as what affected the price, you’d have to compare itemized bills between policies and see which aspects of your coverage changed prices. Maybe one year you went long enough without a claim to get a reduction, and another the repair cost of your vehicle went up. I’m sure there are a trillion factors, but checking your old bills should tell you (likely available through state farms website)
Nobody reads the sidebar…
Did I violate a sidebar rule?
Based on your stats: age, gender, income, education, location, etc etc, you are bundled up with others who share many of those same stats. They average the costs over time that these groups accrue over a period of time + a generous buffer + profit margin in order to come to what they charge you.
You may be moving into different groups or those costs for the group you’re placed in has changed. Thus fluctuations.
Oh yes thank you for explaining, perhaps the fact that I just turned 50 has bumped me into a different bracket.
yep. accident rates for older drives go way down. and then up again once you are 60+
