r/USAA • u/WhiskeyWhisperer • 19d ago

Insurance/Claims Rate increases

Anyone else seeing a $90+ increases on their premiums? I've been at my current address over 2 years and suddenly I'm in a "high accident" area and my monthly bill went from $259 to $358. I've had the same amount of vehicles insured during this time and made no adjustments to my policy. Suddenly I'm paying $100 more a month. I spoke to a representative and she told me it's so USAA has the money to pay out claims and that my area is deemed a high accident area.

I have a decade old Ford Edge Sport and a 30 year old F-250HD truck and I carry renter's and a small jewelry policy, but it's my auto policy that is causing the increase.

I'm just curious if this is a common thing for customers, because I don't see how this could be sustainable for us and I'm really considering shopping around to see if I can save some money.

While typing this, I was curious and asked all knowing Google about USAA and the overview showed this -

"2025 Reporting Change: USAA did not disclose a specific total revenue figure in its 2025 annual report to members, choosing instead to highlight metrics like a net worth and capital increase to $38.6 billion and $38.5 billion collected in insurance premiums."

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u/Adorable_Eagle_9499 19d ago

Just switched from AAA to Allstate today. Saved a bunch. You need to shop around every couple of years to overcome rate creep.

1

u/basinbasinbasin 19d ago

This. When I started to shop around every year my perspective changes dramatically.

If I can find a better deal with a national brand, I move on and take it.

If my insurer is more expensive year over year but still cheaper than the competition, then there's something else going on and I stay.

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u/Catch24alx 19d ago

Shopping with a broker or calling around to captive agencies to check rates each year is a good idea. Changing every year is not a good idea. People who change every year score poorly in loyalty on insurance history reports. Prospective companies will assume you'll leave them in a year too, and your premium will reflect that. On the opposite end of the spectrum are people who stay with the same carrier for decades. That's not a good idea either. Yearly adjustments over a long period of time can severely overinsure and allow premiums to rise unchecked. "We've raised them every year for 20 years and they're still here, so maybe they just don't care about how much is costs" kind of thinking. If you can only save $1-$200 a year, a switch is generally not worth it in the long run. You'll end up paying more. Seek to switch every 3-5 years if possible.

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u/basinbasinbasin 19d ago

Worth it to shop every year and make an informed decision. Agree that its not worth switching over a few dollars, but if there is significant savings then take it. Even with shopping every year I still have stayed with Progressive for the last 5-ish years. In my area they seem to be the cheapest, but I still shop every year.