10 things that can raise your insurance

Insurance premiums can sometimes be capricious. Here are some factors that can impact your rates.

 of 12
 of 12


Oct 15, 2013 8:30PM
If you are no risk, your insurance will be almost unaffordable.  If you have a claim, they will cancel you.  I have had Allstate for probably 30 years.   A guy  backed into me and dented the door.  I was stopped.  Sitting perfectly still.  They tried to blame me because the old guy told them I hit him.  What saved me was the fact there was no "scrape" mark.  Only a dent.  But, they tried to wiggle out of it.  And, in 1992, during Hurricane Andrew, it is my understanding some people in Florida had problems getting Allstate to pay the claims.   I'm not so sure you're in "good hands" with Allstate.  But, no insurance company gets skyscrapers by paying out claims.  When they say they have "billions" in assets, that only tells me they don't pay claims as they should.
Oct 16, 2013 11:18AM

State Farm's excuse for raising my rates 34% was "we're not making enough money".  And they wanted me to sign a letter that stated that I understood that their rates were higher than my State allows but I was happy to pay them anyway, and that I consented to them continuing this practice forever.  They threatened to drop me if I didn't sign and told me that I wouldn't be able to find another insurer to take me.  I have not filed any claims for over fifteen years, and the two claims I did file long ago were for small amounts. 


So I shopped for new insurance.  I soon realized that not only could I easily find other insurers who were interested in my business, but also that I'd been paying way too much to State Farm for several years.  So now I am insured by somebody else and I cancelled State Farm.


State Farm, supply-side economics doesn't apply to you.  You have too much competition to get away with bullying your customers.  Your bullying only works on those who are too lazy to shop around.  Adios after being a (too) loyal customer for over twenty-five years!

Oct 16, 2013 6:45AM
Someone has to start controlling the auto insurance companies. They are out of control.
Oct 16, 2013 3:10AM
Credit ratings are a scam, mostly used as carrots, but certainly a justification for usurious rates that are possibly otherwise illegal.  Besides, there are several credit ratings.  Which one they talking about?  I was told I didn't get the lowest auto insurance rates because of "information contained in a consumer report regarding the number of accounts reported paid as agreed."   They didn't specifically state which agency made the claim but suggested I could contact one of the rating agencies to contest the claim that I paid all my bills as agreed or my credit rating which, by the way, was excellent.  I checked all three major agencies and all stated that I paid all my bills as agreed and nothing else.  I finally dumped that insurance provider and went with someone else for half what I was previously paying for the same coverage.  That's right, a 50% reduction immediately.  But even the new provider is a scum bag raising my rates 10% after the first 6 months without an explanation.  Apparently, you need to shop around every other year if you have excellent credit and no accident history although some insurance companies want you to be with the current provider more than a few years.  But, basically, it ultimately didn't matter that I had an excellent credit rating.  Instead, I was dinged because of the number of accounts marked paid as agreed.  I suppose that a long excellent track record is less preferable than a short one with only a couple victories!  This was nothing more than a blatant made up excuse, which they are provided by law to give, to justify not giving me the lowest rate!  I'm sure there are a few others out there that can attest to the veracity of my arguments!
Oct 19, 2013 7:50PM
I had State Farm for 25 years and I learned they are Not a Good Neighbor, and they are Not on your Side...
Oct 19, 2013 11:49PM

The ONLY thing that should have ANYTHING to do with your insurance rates is YOUR DRIVING RECORD, PERIOD. There should be a FEDERAL law prohibiting ANYTHING but your driving record in setting your insurance rates, and EVERY insurance company should PUBLICALLY list those rates on their websites, on paper, and on posters in their offices. There should be NO subsidies, federal or otherwise for these companies.  If they want mandatory auto insurance for drivers, they SHOULD be regulated. PERIOD!!! They SHOULD NOT be able to have their cake and eat it, too.


Oct 19, 2013 8:38AM
Insurance is a business that tries to make a profit by paying out as little as possible.  Having health insurance is risky because premiums may change and having Medicare being managed by those companies that keep sending solicitations through the mail and advertising on television are all after the medicare money that they can manage and make a profit from.  Bad government allows insurance companies which are really Ponzi schemes or it looks that way.
Oct 19, 2013 2:01PM
#1 is bozo care.I struggle to understand how 5 &6 THOUSAND  dollar DEDUCTABLES are affordable??? These DEDUCTABLES are per year. TEC.
Oct 19, 2013 5:01PM

Had Allstate for almost 20 years. My son was hit by a drunk underage driver who was over a safety zone line went to no fault? 8 mos. later Wife's car w/alarm was stolen at maul, recovered 5 days later with rear seat and seatbelts missing, you guess it- cancelled!! Now have no loyalty to ins. companies cheapest one gets my $$$$.


Oct 19, 2013 3:43PM
if you can breathe and show bones on a X-Ray  your premiums will go up
Oct 19, 2013 7:14PM
10 things that can raise your insurance...Voting for Obama in 2008 & 2012...
Oct 19, 2013 3:34PM
I had a small truck with a peeling clear coat on one door and the tailgate.One night whilst i was working at a convenience store,a girl whom had been drinking and driving hit my truck when she came to the store.The police were called and she admitted to hitting my truck on video AND signed a paper admitting guilt before being arrested.She was insured thru State Farm which refused to pay the damages because their client told them she didn't do it.I had to fax the signed paper and send them the girls mugshot and police report.They sent me to get my vehicle inspected at my nearest body shop which happened to be a Cadillac dealer.The State Farm rep later told me they weren't going to pay the claim due to the truck having previous damage lol.I gave up and sold the truck.
Oct 19, 2013 3:15PM

And let's not forget #11, the ACA. Now every policy must include everything, 80 year old women must have maternity care and childless people must cover nonexistent children to age 26. Lot of sticker shock coming out this month.

Jacqueline Proctor of San Francisco. She and her husband are in their early 60s. They have been paying $7,200 a year for a bare-bones Kaiser Permanente health plan with a $5,000 per person annual deductible. "Kaiser told us the plan does not comply with Obamacare and the substitute will cost more than twice as much," about $15,000 per year, she says.

This new plan, Kaiser's cheapest offering for 2014, would consume about 25 percent of their after-tax income. The new plan still has a $5,000 deductible but provides coverage for things her current policy does not, such as maternity care, healthy child visits and coverage for dependents up to age 26. Proctor has no use for such coverage, since her son is 30.

Oct 19, 2013 4:55PM
the number one think is greed nothing but greed
Oct 19, 2013 8:22PM

Holding ones credit rating against a person for raising insurance rates should be against the law, period. Millions of people have pristine driving records, but bad credit for one reason or another, divorce, end of employment, medical hardship, just a few examples.


The car insurance industry is just another one of the industries that has slipped all those little things into their policies without too many of our Congress people taking note.


How one drives and credit ratings should not even be some thing that people should have to deal with.  Is anyone out there in CONGRESS taking notes!!

Oct 19, 2013 11:46AM
I am 77 years young and AAA is the most reasonable Insurance I have ever used.  Rate is great.and they take care of claims in a timely manner. I have not had any accidents but some else was driving my older van and was in an accident. They could not find who was a fault and paid for repairs.
Oct 19, 2013 4:39PM

I'm with Allstate and just got my home insurance statement for next year and it's up $108. 10 years I'm with them never hade a claim. I call and ask them way, ****s told me that cast of materials then up. what a BS. 

Oct 19, 2013 4:23PM
Actuarial Science may be fairly complex, but statistics and calculations can be manipulated and interpreted to achieve a desired result...such as squeezing more money out of people.  Much of this is ****.  As consumers, we should be more selective about who we purchase insurance from. We need to ask just what factors are being used to calculate our rates, and if any of these (highly) questionable factors are applied, then we should look elsewhere...and let that company know in no uncertain terms why we won't do business with them.
Oct 19, 2013 10:19PM
Insurance companies are gimmicks like car dealerships. All they do is run a games and Ponze Scheme the hell out of you. They're in the business to make money (take-it-in) not make out going payments, and most if not all of them are good at it especially if its a natural disaster, because then----wait for it.....Its god's fault according to them! 
Oct 19, 2013 6:20PM
do this,don't do that thing to gouge people of lots of  money. just like; old World mafia.....
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.