Why did my premium increase at renewal even though I had no claims?

Sonnet uses advanced analytics to accurately price each individual policy. We’re constantly improving our ability to gather and use information. As we learn more, the price of your policy may change.

Here are some factors (outside of claims) that could impact your home or auto premium:

  • Annual changes to general underwriting rates to account for factors like inflation
  • Increased building costs or aging infrastructure
  • Increased extreme weather events such as ice storms or heavy rainfall
  • Increased cost of parts for your vehicle
  • Changes to trends in your area like increased collisions or vandalism
  • Change in credit score (if applicable)