this post was submitted on 04 Dec 2025
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34
Why do vehicle insurance premiums go up & down for seemingly no reason? Should I contact my insurance company to inquire? (lemmy.world)
submitted 5 days ago by LemmyKnowsBest@lemmy.world to c/asklemmy@lemmy.world
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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)

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[โ€“] ThePowerOfGeek@lemmy.world 12 points 5 days ago (4 children)

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.

[โ€“] unsettlinglymoist@lemmy.world 2 points 5 days ago* (last edited 5 days ago)

Yeah the zip code reassessment seems like the most likely explanation. Maybe the rate of accidents, car thefts and vandalism went down in OP's zip code, so the insurance company lowered their premium.

I recently moved one mile away to a different zip code and GEICO increased my premium from $130 to $175 which I understand is very expensive for what I'm getting for coverage. I've never filed a claim, never been at fault for an accident, my car isn't worth much and my only traffic violation was speeding more than a decade ago. Weirdly enough my pet insurance premium decreased by $25 when I moved. ๐Ÿคทโ€โ™‚๏ธ

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