What’s the deal?
My State Farm rate recently jumped to $297, up from $230, following my brother’s at-fault car accident. Here’s the amusing part: despite my policy nearing $300, my sister’s policy didn’t budge. When I spoke with a State Farm agent, he explained that my rate went up because of my brother’s accident. Keep in mind, we each have our own policies and different brokers – we’re not on a family plan or anything!
It sounds like you’re experiencing some confusing aspects of how insurance rates can be affected by accidents involving family members. In many cases, insurance companies consider the risk associated with the entire household when determining rates. Even though you, your brother, and your sister have separate policies and brokers, your insurer may have grouped you together in their risk calculations.
When one member of a household has an at-fault accident, it can lead to increased premiums for other members because insurers assess overall risk based on driving records within a household. This can vary by company and specific policy, which is likely why your sister’s rate didn’t change while yours did.
It may be helpful to discuss this further with your agent or look into other insurance companies for better rates. Also, consider reviewing the details of your policies to understand how these factors are applied.