Why Car Insurance Rates Increase and Here's What You Can Do

Whether your insurance rates go up without accident or claim, people are using Jerry to find better deals — saving $698 on average.

Sarah J.M.
Why Car Insurance Rates Increase and Here's What You Can Do

Your insurance premiums seem to rise every year - regardless of whether you’ve filed for any claims. Why is that? It turns out that it is a pretty common practice for insurance companies to compensate for their claims and other expenses through insurance rate increases, in order to achieve desirable profit levels.

In 2020, insurance companies have filed for car insurance rate increases ranging from just a few percentage points to more than 30%. Depending on states and programs, the following are some insurance companies that have filed for moderate to large rate increases: Geico has filed for a rate increase of up to 10%, Farmers up to 11%, AAA up to 15%, Liberty Mutual up to 20%, American Family up to 25%, and the largest, State Farm, up to 35% increases.

If you have not filed any claims in the past several years but your insurance price has been going up, it may be that your insurance company has filed for significant rate increases and has not notified you. However, with every negative, there is always a silver lining, and in this circumstance, it could help you save hundreds.

In this case, this silver lining has a name, called Jerry.ai. Working as your personal insurance broker, Jerry compares quotes from top insurance companies, such as Allstate, Metlife, Progressive, and Travelers, among others, as well as regional insurance companies, in real time to find the best and most competitive price for you. Not only does Jerry “show you the money,” but you can buy new insurance and cancel your old policy through the app. All it takes is 45 seconds of your time to get started.

For people that use and switch their insurance with the help of Jerry, they save $698 a year, on average. Instead of reducing your coverage, Jerry uses an Artificial Intelligence platform to match your current coverage, so you can compare apples to apples.

Jerry also turns heads with its outstanding 4.7/5 Rating in the App Store, the highest App Store rating in its category.

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Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
Gabriella R.
Find savings (100% Free)
stars4.6/5 Rating on App Store

Customers have saved big and love the service they have received from Jerry. Here is what people have said about switching to Jerry:

“My old insurance spiked up to a ridiculous price and shopping around was stressful. Jerry found me a better price. And the switch was so easy.” — Kayla N.

“Love this app and service. I had Root insurance and after the ‘test drive’ (where both my husband and I scored a perfect 10) Root wanted to raise our rate to $160/month. Jerry found a quote for only $68/month. I couldn’t be more thrilled.” — Catherine M.

“Saved $600 a year. Every 6 months Jerry automatically checks rates again.” - B.D.

“I have been overpaying for insurance and couldn’t find any website/app that could get my payments down. Yesterday I found Jerry and I’m saving nearly a hundred dollars a month by switching insurance companies. The people were very helpful and their response time is amazing.” — Yvonne A.

“I downloaded 3 insurance searching apps and Jerry was the best one by far. Easy. Accurate. Great customer service!” - Kyerra S.

So, what has made Jerry such a hit? Two words: Artificial Intelligence, or AI. Not only does AI find the best quotes for your preferences as well as the ones that will put the most cash back in your pocket, but it makes the “shopping for insurance” process quick, easy, and stress-free. Just input your basic information and Jerry will take care of the rest. The app analyzes quotes from various auto insurance businesses, such as their premium options and coverages, in order to find the one that pinpoints what you’re looking to spend.

If you’re looking to save big, and never have to worry about whether your insurance company is filing for rate increases ever again, Jerry is here to serve you.

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