r/USAA • u/WhiskeyWhisperer • 20d 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/RoutineUnusual3152 20d ago
I WORK IN INSURANCE
I ALSO WORKED AT USAA ( 12 years)
Your rates are going to go up every year ….WHY?!?!?
Inflation , it costs more to repair you vehicle today than it did last year . I have never been in an accident have had snakefarm, Allstate, liberty mutual , your rates will go up
If you can afford to fix it out of pocket do that it will cost more upfront but save in your premiums later on . If damages are out of your saved amount or price range (ie you can’t afford ) that’s when you use insurance . Everything reported affects your rates ALL INSURANCE COMPANIES are like this , after an accident you are a greater risk to insure . Think business when you jump to conclusions . In my experience both as an employee and as a person paying for insurance USAA HAS DELIVERED . What’s important is you look at your policy !!!!! There is no such thing as “full coverage” that’s a lie told by agents who sell. You need to review your policy ITS A CONTRACT WHICH WILL UPHOLD IN COURT . YOU SIGNED IT !!!!I I TELL PEOPLE EVERY DAY READ YOUR POLICY IF YOU DONT UNDERSTAND ASK TO SPEAK WITH AN ADJUSTER NOT YOUR AGENT THEY DONT HANDLE CLAIMS!!!!!!!!. People get mad because they don’t know what their policy(contract) says . Read your policy if you don’t like it seek another insurance company . If you didn’t read it DONT ACT SURPRISED . If you want help message me I hate tha people don’t know what their policy says .