Why did State Farm Raise Your Insurance?!? - Insurance Hacks

Why did State Farm Raise your Insurance Premium?!? In this video Justin and Aaron talk about why insurance rates are going up and what to expect in the future.

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[KH-mqrg]

I was with them since I was 16, had never shopped around. My rate kept going up despite no accidents, an older vehicle, no tickets, no claims (except windshield replacement every few years). I switched and my bill went down substantially. When I cancelled they never even asked why or cared. Good riddance SF

[DiAntonetti]

They're screwing my husband and I big time!!! 4 vehicles 2 homes 40 years with company and up, up, up it goes!!! 🤬

[mahealanihawaii]

I got rid of state farm yesterday. Jared my bill up $700. We never had a claim. Now they get nothing. F around and find out.

[klewis]

…..if they weren’t paying all these high profile celebrities and athletes for the commercials……

[TriniBoy]

My coverage went from $350 to $384, and now $476 in September of 2023. They said that due to plenty of accidents and claims, they have to pay out 😢.

[Support_Ad_Blocker]

Mine goes up every six months. No tickets. No claims. No nothing.

[kathrynconrad]

I have had my policy with State Farm for at least 30 years auto and home policy’s. I am out raged to see that they think they are going to raise my rates on auto for 1 vehicle by approximately 100 dollars. I am not paying this and looking elsewhere. Also not cutting coverage. I am able to have low mileage no accident discounts and done with paying high rates .

[eddieknox]

my insurance goes up every month for no reason, i dont have tickets for 30 years and no accidents, butstill goes up

[cvette]

Been with State Farm nearly 40 years and just received my new bill which spiked nearly 30% from the last one, with no claims and no change in coverage, when I called to complain one of my agent's employees said the worst part is there's more increases coming and now I know why. I'll bet the CEO and the rest of the board gave themselves a 25-30% raise though. Sad part is how the government agencies that are supposed to regulate insurance companies and protect consumers allowed this to happen.

[colinhiggins]

My State Farm auto-insurance policy on one car (7 year old Honda) has gone up 130% in 3 years. This is criminal

[NormanSilver]

Making money goal #1. Not taking big risks? Goal # 2.

[coloredred]

You have younger leadership in a whole new generation has been normalized. They come from higher premium cost compared to the older generation. New ideas new positions, everything!

[randallharrell]

Why are State Farm sponsors football teams if they are loosing money to claims 😎

[beaveronabike]

My rates just went up 23% with a perfect driving record. When I called I was told it was because of an increase in theft and vehicle values (although I drive a 20 year old truck that's mostly only driven between 2 secure garages). They did offer an additional remedy in addition to what you guys mentioned - stick a little device in the truck and download an app so they can monitor things & stuff. I haven't deployed it yet - still looking into what all it monitors, but they tell me it can bring the numbers down.

[MrErick]

Im new to all this I just got insurance and I got months left on my policy can i switch from State Farm to somewhere else, anytime ? Or do I have to wait before I can switch thanks 🙏

[inktime]

SF offered the safe driving thing. I’m not crazy about it.

[CCbthe]

I hate State Farm now and my new agent doesn’t have a clue as to what he is selling. I’m shopping around right now. I need to switch asap.

[timothyjohnson]

I know that the margin, on car insurance in particular, is very small and they have a formula that is for every 2 moving violations you receive that equals 1 crash. I have had State Farm for 24 years and filed 2 claims in that 24 years for a total of less than $2500, both of which occurred at a speed of less than 1 mph. I haven't had a moving violation in 17 years and they raised my insurance in January about $30 and I was okay with that since my last claim happened right before the premium came due. Then again in May, they raised my rates another $80, no tickets, no claims, no nothing. They raised my rates overall 66% in less than a year. Then they started trying to blame the pandemic. I asked them what the hell the pandemic had to do with anything and besides the pandemic ended in 2021. Every 3rd commercial on television is for State Farm. It seems to me that if they spent a little little less on advertising they could cut their costs by several million dollars. You never hear of State Farm lobbying the car companies to make better cars that don't disintegrate whenever someone bumps one of them, thereby increasing the cost of repairs by untold amounts of money. You don't ever hear of State Farm lobbying the states to make sure that drivers have a driver training course under their belt before getting their license. Raise the rates for people who are multiple offenders, not everyone across the board. And if the cops could spend a little more time ticketing speeders and reckless drivers and a little less time beating and tasing and killing people maybe they could concentrate more on the traffic. But then again, cops are some of the worst offenders out there.

[eduardopena]

Rate increases are all over the board. Most insurance companies are raising rates, in our state, Geico took the largest hit of 30% while SF was 8.5%.

[streetstyle]

It’s every insurance company let’s be real here every 3 years I change companies because they raise the rates no different than cable internet utilities phones there no savings in loyalty anymore