Your USAA car insurance
could be expensive due to your personal profile, driving record, or increased repair and medical costs as a result of inflation. To stay on top of rising auto insurance rates, it’s important to always compare pricing from different providers and keep aware of industry changes. Why did my USAA insurance go up for no reason?
The average USAA car insurance rate is $1,235 per year, which is about $437 less than the national average among all providers. However, if you’ve recently seen a rate increase, it could be due to the following factors.
1. Higher claim amounts means higher rates
After the COVID-19 pandemic, car insurance companies began to implement rate increases due to a higher number of insurance claims. As a result, insurance premiums rose by an average of 26% since 2021, and are expected to keep growing in 2024.
2. Inflation and auto tech have driven up repair costs
It’s not just claims that have increased the average rate recently. Standard inflation and supply chain shortages may also contribute to your recent USAA auto insurance to help cover the cost of future claims and repairs.