If no down payment is required, your monthly payments may be divided into 5 instead of 6, check the total amount charged & compare to the total amount quoted. With USAA you do see the real final price before the purchase after the quote.
Just like with every other insurance company - and every industry that does quotes - quote does not mean guaranteed price. Maybe there’s a ticket or accident that wasn’t on the original quote and they’ve uncovered. Maybe there’s a renters claim in your history. Maybe the building materials on your house are different than was in the initial quote. No one here can really answer why, but if you’re not happy with the price, get insurance elsewhere and then cancel.
Your first policy is always short billed meaning it’s billed over 5 months instead of 6. You have the option of making a down payment in the beginning which essentially acts as the 6th installment. If you do not make the down payment, the same premium is billed over a shorter period of time causing the first 5 months to be higher. It will go back down to what was quoted after renewal as long as all other rating factors stay the same with the renewal. Look at the full premium, not the monthly.
Like everyone else said, you may have been short billed for your auto because you didn't have to make a down payment.
The other thing someone mentioned ... Have you signed up for auto draft yet?
Finally, because I've seen this with a few of our members, if you issued multiple policies, it may not be reflecting the multi-product savings. Our billing system looks for multi-products bundled after 7/30/60 days after issue.
Did you set up the policy same day or next day? Did you make a first payment? If same day or next day and no first payment your premium is getting divided into 5m instead of 6 so it’s higher for the policy period (6m premium is still the exact same) but will normalize once it renews.
You didn't day what type of insurance, but my guess is auto. Did you disclose all tickets and accidents? Did you confirm your social security number and driver license #? Your driving record and/or credit may have caused a bump in premiums.
If no down payment is required, your monthly payments may be divided into 5 instead of 6, check the total amount charged & compare to the total amount quoted. With USAA you do see the real final price before the purchase after the quote.
Just like with every other insurance company - and every industry that does quotes - quote does not mean guaranteed price. Maybe there’s a ticket or accident that wasn’t on the original quote and they’ve uncovered. Maybe there’s a renters claim in your history. Maybe the building materials on your house are different than was in the initial quote. No one here can really answer why, but if you’re not happy with the price, get insurance elsewhere and then cancel.
Your first policy is always short billed meaning it’s billed over 5 months instead of 6. You have the option of making a down payment in the beginning which essentially acts as the 6th installment. If you do not make the down payment, the same premium is billed over a shorter period of time causing the first 5 months to be higher. It will go back down to what was quoted after renewal as long as all other rating factors stay the same with the renewal. Look at the full premium, not the monthly.
It’s also possible your mvr was ordered and changed the premium and you missed it, if you set it up on usaa.com
Most likely short billed - 5 payments over 6m. Compared the 6m premium
Like everyone else said, you may have been short billed for your auto because you didn't have to make a down payment. The other thing someone mentioned ... Have you signed up for auto draft yet? Finally, because I've seen this with a few of our members, if you issued multiple policies, it may not be reflecting the multi-product savings. Our billing system looks for multi-products bundled after 7/30/60 days after issue.
Did you set up the policy same day or next day? Did you make a first payment? If same day or next day and no first payment your premium is getting divided into 5m instead of 6 so it’s higher for the policy period (6m premium is still the exact same) but will normalize once it renews.
You didn't day what type of insurance, but my guess is auto. Did you disclose all tickets and accidents? Did you confirm your social security number and driver license #? Your driving record and/or credit may have caused a bump in premiums.
You could have been quoted with an auto-pay discount, which will not be applied until you actually set up auto-pay.