Frequent Contributor
Posts: 260
Registered: ‎08-29-2011

Auto Insurance

I'm insured with Amica, which gave me the best rates last year. Today I received my renewal policy and noticed that it is going up $365 a year! I have no claims, accidents or tickets, ever. 

I called them up to find out why it is going up. I was told that the company had lost $7,000,000 this year in the state of FL due to Fraud and that their rates will be going up as a result. Is this normal??

Starting Score Myfico EQ: 676 08/11/2011
Current Score: Amazon EQ Pull: 781 Walmart TU08: 782 AMEX EX Pull: 745 08/03/2014 Goal Score: 780+
Hover over image to see limits

Established Contributor
Posts: 760
Registered: ‎02-11-2012

Re: Auto Insurance

Not totally aware of their plight, however almost all insurance companies raised rates this year. It was as my agent said "The Year of The Insurance Company". My business insurance and personal lines each increased more than inflation.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)

Remember the Three P's: Pay early in Full, Pay on Time, Patience
Senior Contributor
Posts: 3,439
Registered: ‎11-30-2007

Re: Auto Insurance

My rates went down almost $300/year.  I'm in OH, but that makes me happy!!!!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+