“There are a variety of factors that go into determining car insurance rates. One of those factors is your location.
Since there was flooding in your area, it’s likely that a significant number of people submitted claims to insurance companies.
When this happens, insurance carriers need to re-assess their rates—and they often increase rates for all policyholders in an area to protect themselves from any further financial losses. They need to ensure that they are protected and able to pay out any claims that their insureds file.
Beyond this, anytime you submit a claim to your insurance, you can expect your rate to change. Your comprehensive insurance
is designed to cover non-collision perils like flooding, but it still counts as a claim.
While your rates may be higher now, insurance companies adjust prices often. Once you’re insured continuously without any claims or accidents, your rate should fall again.