Why does my car insurance keep going up?
Insurers steadily inch up your rates over time because loyalty bonuses no longer exist. Even pending quotes can jump 30% in just a month, and representatives have no power to lock in the original price. The only way to stop overpaying is to shop around and switch carriers every few years.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Shopping around and switching insurance providers every year or two
- 2Checking alternative insurers for lower quotes upon renewal
- 3Re-evaluating coverage levels to reduce premium costs
- 4Refreshing online quotes daily to see if the price drops back down
- 5Shopping around with different insurance companies to compare rates
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“I switch every five years. I check all the insurers each time. There's no loyalty bonus anymore.”source ↗
“Rates are always going to go up. Shop around every year or two. If you stay at one place, its like being the frog in the boiling water.”source ↗
“I tried locking in that rate and was ready to pay but they said there’s nothing they can do, they can only offer me the rate they see.”source ↗
“Over the years, they've been slowly inching up my rate, to the point where it's now about $600 for 6 months.”source ↗
“I got a quote about a month ago, I called back last week and the quote went up literally 30% (no difference in coverage or anything).”source ↗
Where this came up
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