Your AAA rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause AAA to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. AAA may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and healthcare costs, and crime trends.
Top Reasons Why AAA Raises Rates
- Recent claims
- New driver or car added to a policy
- Moving violations
- At-fault accidents
- Increased coverage
- Lower deductible
- Recent switch to an expensive car
- Relocation to a high-risk ZIP code
- Decline in creditworthiness
How to Lower Your AAA Insurance
If you're struggling to afford your AAA premium, there are a few steps that you can take to lower your rate. You can start by looking for AAA discounts that you can qualify for, such as the multi-vehicle or defensive driver discount. You can also make changes to your policy, including raising your deductible and reducing your coverage.
Another option is to switch insurance companies. Each insurer calculates rates differently, so you may be able to get the same amount of coverage elsewhere at a lower price. As a general rule, you should get quotes from at least three different companies every 6-12 months to make sure that you're still getting the best deal.
To learn more, check out WalletHub's guide to the factors that affect car insurance, as well as our picks for the cheapest car insurance companies.
This answer was first published on 07/06/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
