Why did my car insurance go up with GEICO?
It’s almost time to renew my policy with GEICO, and it looks like they’re suddenly expecting me to pay a lot more for my car insurance than I was paying before. What gives? Why did my car insurance go up with GEICO? Did I do something wrong?
Matt Terzi · Answered on Jan 04, 2023
Reviewed by Shannon Martin, Licensed Insurance Agent.
We’re sorry to hear your rates are going up! Let’s go over some of the common issues that cause car insurance rates to increase.
You probably already know that buying or leasing a new vehicle, having an at-fault car accident, accumulating traffic tickets, or making late car insurance payments will cause your rates to increase considerably. But there are less obvious issues that can cause your rates to increase too.
For starters, we suggest checking your credit score if you haven’t done so recently, as credit score changes are one of the most common causes for insurance premiums going up unexpectedly. This doesn’t apply if you live in California, Hawaii, Massachusetts, or Michigan, where car insurance companies aren’t legally allowed to consider credit scores.
Most insurance providers will increase rates when you reach your 60s too, especially when you reach 70. Age is a huge factor in determining insurance prices, and it can come as a big shock to see your rates go up as you get older.
Local and regional demographics play an important role in determining insurance rates, not just for you but your neighbors as well. Surges in car accidents or crimes in your area can contribute to rising insurance costs, too.
If none of these things apply to you, give GEICO a call and ask them directly why your rates went up. Car insurance rate hikes are probably the best reason you’ll ever get to consider switching providers and saving money.
View full answer
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Browse More Content
Insurance in Your State
What Others Are Asking
What is the average payout for a rear-end collision?
I just got into a rear-end collision where the other driver carried the state minimum insurance. It didn’t cover my medical bills. So after my insurance company tried to recoup the bill, they couldn’t. They suggested I sue. So what’s the payout for a rear-end collision?
Apr 01, 2022
How much does a Kia Optima 2015 front bumper cost?
My Kia’s bumper has been in rough shape for a long time, but I think I might have finally saved up enough to fix it now. How much does a Kia Optima 2015 front bumper cost?
Oct 05, 2022
What is the smallest Volvo SUV?
My wife is trying to convince me to get an SUV, but I really love driving my Volvo S60 sedan. What’s the smallest SUV that Volvo makes?
Oct 21, 2022
Read Advice From Car Experts At Jerry
The Ford Shelby GT500 Is One Smokin' Ride
The Ford Shelby GT500 is a limited-edition muscle car that has amazing horsepower and everything you would want, save a lackluster few features.
2021 Buick Envision Interior Review
The 2021 Buick Envision underwent a full redesign, and while it offers a smooth and quiet ride, the interior materials and cargo space are lacking.