Candace Baker, Car Insurance Writer
@candacebaker
Your State Farm rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause State Farm to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. State Farm may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and healthcare costs, and crime trends.
Top Reasons Why State Farm Raises Rates
- Recent claims
- New driver or car added to a policy
- Moving violations
- At-fault accidents
- Increased coverage
- Lower deductible
- Recent switch to an expensive car
- Relocation to a high-risk ZIP code
- Decline in creditworthiness
How to Lower Your State Farm Insurance
If you're struggling to afford your State Farm premium, there are a few steps that you can take to lower your rate. You can start by looking for State Farm discounts that you can qualify for, such as the multi-policy or anti-theft discount. You can also make changes to your policy, including raising your deductible and reducing your coverage.
Another option is to switch insurance companies. Each insurer calculates rates differently, so you may be able to get the same amount of coverage elsewhere at a lower price. As a general rule, you should get quotes from at least three different companies every 6-12 months to make sure that you're still getting the best deal.
To learn more, check out WalletHub's guide to the factors that affect car insurance, as well as our picks for the cheapest car insurance companies.
Dave Dofner, Member
@D_dofner
I live in Pa. I get dinged or speeding when I might be doing 6 over. I will give you Pa's Title 75 on speeding laws. If the speed limit posted is under 55, you cannot be given a ticket until you do 10 over the limit. Maybe State Farm needs to update their program. If it's not speeding under the law, then it's just not speeding. This app is seriously flawed. I picked my phone up and put it in the other cup holder and got dinged for phone usage. Absolutely unrealistic.
People also ask
How can I lower my State Farm car insurance?
You can lower your State Farm car insurance costs by taking advantage of State Farm discounts, opting for a higher deductible, and reducing your coverage, among other things. State Farm considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
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