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)

  • ThePowerOfGeek@lemmy.worldEnglish
    5·
    5 hours ago

    There are usually two factors that can cause auto insurance rates to change:

    1. 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.
    2. 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.

    • TubularTittyFrog@lemmy.world
      5·
      4 hours ago

      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.

      • ski11erboi@lemmy.world
        2·
        2 hours ago

        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.