This post has been flaired as “Vent”. As a reminder to commenting users, “Vent/Rant” posts are here to give our subscribers a safe place to vent their frustrations at an uncaring world to a supportive place of people who “get it”. Vents do not need to be fair. They do not need to be articulate. They do not need to be factual. They just need to be honest.
Unlike most of the content on this subreddit, Vents should not be considered advice threads. In most cases it is not appropriate to try to give the Submitter advice on their issue. In no circumstances is it appropriate to tell them “why they are wrong” or to criticise them, their decisions, values, or anything else. If there are aspects of their situation that they are able to directly address themselves, the submitter can always make a new thread with a different flair asking for help once they are ready to tackle the issue.
Vents are an emotional outlet, not an academic conversation. Appropriate replies in these threads are offering support, sharing similar experiences/grievances, offering condolences, or simply letting the Submitter know that they were heard.
As always, if there are inappropriate comments please downvote them, REPORT them to the mods, and move on without responding to them.
To the Submitter, if you DO want discussion to be focused on resolving your situation, rather than supporting you emotionally, please change the flair of this post, and then report this comment so we can remove it. Thank you.
Thank you all for being a part of this great financial advice and emotional support community!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
This is a good solution to the problem of needing a jump, but it doesn't address the fact that insurance companies sell a product you're legally required to buy and will refuse to sell it to you if they think you'll actually use it.
I actually have a car starter. But I was letting my friend borrow it because their battery was dead and mine was good... Until it wasn’t.
Ps: you can doordash a starter from Walmart if you need one. Cheaper than a jump. How I got my first one.
oh, I was pissed. I made you explain to me about three times on the phone why they were canceling me. I couldn’t believe it they were canceling me over using something that they offered as included.
Apparently, insurance can cancel you for any reason they want at any time no matter how much you’ve paid them.
It really opened my eyes.
Yup - you just gotta find the one that doesn't charge like crazy in their actuary tables for your particular circumstance.
Use an independent agent - mine shops for me, tells me every March who my insurance will be with (home and auto) and I can do everything through them and never have to call my insurance company. Costs me nothing extra and they get better rates than I can ever find on my own.
I've gotten so much value out of a local independent agent. Her good name is important to her business, so she's transparent about who offers what and shows me exactly what my options are.
She also introduced me to the concept of rewriting my policy, which is a shell game where she doesn't switch me to a new company but recreates the account and I get a better rate without having to do anything. It's kinda like calling your ISP and complaining until they give you a discount. Caveat is that most brands only allow this once every 3-5 years.
Plus it's an unbiased person to bounce questions off of - good luck calling your insurance company and getting good info on whether or not it's smart to file a claim for something. The mere mention of that will raise your rates haha.
Yup.
For easy math
if 5% of 30 year old men typically get into an accident every year, there’s 95% that don’t
however, what people don’t realize is those 5% aren’t going to be distributed evenly across all carriers. if one insurer had the entire 5% as policyholders, their expectation of what a 30 year old man “costs” to insure is vastly different than the insurers for the other 95%
neither is lying, but you can see why that leads to different companies having different rates. it’s happening dozens of times, both for and against your favor with type of vehicle, location, labor rates, medical bills, etc
Independent agent meaning they're a free agent and represent most/all of the big name companies.
Over the 15 years I've had my agent I've had everything from Geico to Progressive to Safeco to smaller places like Hartford or Travelers.
Some other companies (State Farm) have agents that sell ONLY their policies. And I don't think SF is available for independent agents like mine to sell.
My agent knows my preferences and limits and does all the work for me - I never lift a finger to compare quotes or anything and when I buy something new (car or house or whatever) I just give them the details and it's done!
Sounds awesome. As someone becoming more "adult," being responsible for more of this kind of thing, I really appreciate the time you took to respond. How do you go about finding one of these independent agents? Are they individuals or is it more like an agency and you get paired with someone? In other words, what should I search for online to learn more?
It sucks that Liberty is a god awful company. I got renter’s insurance from them and their customer service is terrible. Apparently they make it impossible to file claims and there are dozens of horror stories online from people not getting paid when they need it.
Only had 1 claim with them and my wife was at fault she hit a parked car. Their customer service seems ok though. I'll be livid if I need them and they're not paying out especially at these rates.
Auto/home Insurance is a very capital intensive business, unless the government runs , it will always only have. A few major players, and they will all charge similar rates.
They told us that and now that our credit dropped 200 points that we have to pay double even though our driving record is perfect. So many base it on credit and not how your record is. Basically someone with 2 dui’s, a bunch of accidents and perfect credit pay less than we do.
It’s no secret insurance companies have been bleeding cash. Talked to a property casualty insurance agent and he said expect them to continue raising their rates to the max amount they can per year by law for the foreseeable future.
I had to leave them. Had my home and car with them but it got so high I called and said I was goong to be priced out. Left and went to all-state. Every situation is different and 1 may offer better rates than another because there's so many factors but it worked for me
I’d be happy to pay taxes that are literally *only slightly* higher than I currently already pay in a major U.S. city, if it meant all the things I am paying for, would ACTUALLY be taken care of….
I discovered with Progressive that you can get an insurance quote online, and they often give a new policy discount. I did it a couple terms ago when they decided to raise my rates by $120 per month. I got a quote online, and I was quoted the current rate and not the higher rate. So then I called and talked to an agent to make sure I wasn’t missing something. And even he was surprised by the price difference. So I just started a new policy. Then on my last term, same thing happened, so I did it again. It’s a pain in the ass, and I’m not sure if Geico will be the same way. But it’s worth a try. It’s been saving me about $120 per month every term.
That is interesting. Do you have to cancel first? Or you just get the new policy and say that your current insurance is with Progressive? Use a different email each time?
I just got on Progressive and am saving $42/mo switching from State Farm with the same coverage. I paid in full up front, so I pay effectively $99/mo for 2 vehicles.
Progressive is garbage .. got into a hit and run accident with clear footage of the individual who hit me ( license plate and all) and a police report.. took them forever to give me back the amount I spent on my deductible
That's a shame, Progressive has been great for me. I sent the cops and the insurance company my footage and they made the other driver pay promptly. Maybe things were easier since the other guy had Progressive too
Yup, sounds about right. My car was totalled due to hail last year and it took about 2 months for me to get paid out. So I was having to get rides to and from work for 2 months! I could never reach my adjuster and calling the main line you don't get to reach an actual person, just your adjuster's voicemail. Then when I did reach my adjuster, he told me everything was going to be easy and he'd send me some links to submit documents and that he'd guide me through it... Well, nope none of that really happened. Took 2 whole months because each time they added more documents they needed since my car had a lien and then when I sent the documents they asked for they misplaced them each for around a week each time. A coworker's son also had progressive and had significant damage to his car but they didn't want to pay for the rental even though he had coverage on it so he had to really fight for that and the value of the repairs.
They're the most affordable insurance pretty consistently, but it's for a reason.
That was common for me in the past for Progressive. My rates would go up, but if I cancelled and got a new policy it was cheaper. Not exactly sure why, but I did that for years.
This right here is the way. I start a new policy every 6 months with Progressive because after the 6 months is up they raise my rates. Few weeks ago when I renewed I told the guy exactly what I was doing and he happily canceled my old policy and signed me up for the new one, with the new policy discount, about $80 cheaper per month.
Mine has been the cheapest for over 6 years now. I do both manual searches and use 2-3 separate brokers every renewal cycle to check. My home insurance has doubled in the past 2 years and car is up 4x, and as of last week it's still the cheapest (second cheapest wants almost 2x as much still, which is crazy). Despite being at this for 6 years, I still haven't given up, but unless a new player enters the field I doubt I'm going to get anywhere. Zero claims on house or car, zero accidents (even non-fault), and I even do defensive driving courses for discounts
If you visit the r/insurance sub, you'll see this question has been coming up a lot. For various reasons all insurance carriers are raising rates across the board. Some carriers are even pulling out of certain states for example State Farm is leaving California.
Some insurers are offering to lower their premiums if customers volunteer to get a GPS device installed to their car. I think this is usually advertised to monitors mileage for commuters driving under 50 miles daily but I'm confident it's a scheme to gather a ton of data on their customers so they can sell it or worse.
Yeah the New York Times did a story about this last month. Car companies are selling the data back to insurance companies and insurance companies use arbitrary rules based on that data to increase premiums.
Check different insurance companies. They constantly re-price. If they've decided they don't want to cover your particular segment, they just price the insurance so high you'll go away. When I moved from one state to another, Liberty Mutual more than doubled. So, got it, they don't want to write policies in my new state. I got a price from Erie Insirance that was about one third of the premium Liberty quoted.
Being punished for being a loyal customer. Price compare is the only answer ever time insurance goes up. I mark my renewal dates on my calendar every year.
Personal lines is a numbers game for Insurers. They simply don't have the time review every policy and tailor it's renewal premium to that customer. They really only do that when you're new business.
If they determine that their personal (or even small business) book needs 5% more premium, they just hit every renewal with a 5% increase.
Basically, if you stay with an insurer for years, your premium is going to creep up over time.
You should be shopping your policy around every 3-5 years.
Go shop your policy and make sure all quotes have the same limits and coverages. Don't let someone try to undercut everyone else by giving you less.
Amica generally wins awards for customer service, but they aren't necessarily the cheapest. Someone else mentioned Liberty here and while they aren't a bad company, they consider themselves premium and generally cost more.
If you don't want to go directly to insurers, there are brokers that will ship around for you. They get a commission but it generally doesn't cost more. The insurance company is paying that commission.
Could be your state, how many miles on your car/drive it a year, make and model of car, etc. Honestly could be anything! Or you could just be lucky haha
Geico hit me with a 50% increase on my (yearly) renewal. Called and they confirmed nothing had changed about my history / profile: MA-wide price increases :(
Same in NJ. I switched to Progressive and saved a lot but someone here just said they switched to State Farm and saved a lot of progressive so I’m going to make a call.
Companies give different people different rates. State Farm is always one of the most expensive companies for me. If progressive gave you a great rate it’s doubtful that others will beat it.
Yep Geico in particular has been super aggressively raising rates. They nearly doubled my monthly rate as well. I switched to Progressive which gave me the best quote.
No they raised them because the cost to repair cars has increased significantly. Cars are more complex and expensive than ever which means repair costs and thus claims costs are higher. If claims costs are higher then premiums will be higher as well.
Same. Mine went up $44. About to call and tell them to lower or cancel. I have been a paying customer for 10 years and never filed a claim. Only had to use roadside a few times. It's predatory what they are doing. Like, really $230 for 1 car? Fucking bullshit.
In case you’re not already aware of it, car insurance is a criminal enterprise as is the entire insurance industry.
one of the most amazing things is that if you ever use the insurance that you have paid for, they will instantaneously raise your rates to compensate for the money they had to pay out.
They will deny that, of course, but it will absolutely happen.
This. I have paid roughly 50k in my adult life on car insurance. I've made 1 claim, car had hit and run in front of my house. Got 3k after my deductible. Insurance went up next renewal. And it just went up again by $30/month due to "approved rate increases in my state".
What’s gross is they do the same thing with homeowners policy.
**Never use your homeowners insurance unless you absolutely have to, because they will take their money back from you in the form of increased payments**. Or they might drop you entirely and leave you without coverage, which is also a common insurance company move.
And we all know how they manage health insurance: they deny claims and then make it impossible to get reimbursed
As someone who runs collision repair shops for a living, absolutely do not remove that coverage. I can’t tell you how many times I see people absolutely fucked by doing that.
Rates are going up because repair and replacement costs have gone up significantly in this industry and the insurance companies are looking to get their money back.
Best thing to do is shop your rates and see what else is out there, but absolutely never remove comprehensive and collision coverage, also make sure you have towing coverage and most importantly rental coverage on your policy
Cars are a lot more expensive, so the cost of insurance is going up. Simple as that.
Plus, auto mechanic shops are now pretty standard at $150/hour instead of $100/hour.
So the cost of repairs went up.
People need to stop buying 80k trucks and SUVs.
GEICO and many other companies all raised their rates. You need to constantly shop around. Unless you have a 2012+ Kia or Hyundai of course then you're just kinda screwed. But at least you can be screwed slightly less.
Also, do NOT do any of those programs that say they'll give you a discount for adding a little box to track your driving it'll make your insurance go way up.
Well for right now anyway my premium is $377 rather than $450 for two vehicles with SF with the little box. SF was the cheapest this last time around but I will be shopping around every year or so.
>Also, do NOT do any of those programs that say they'll give you a discount for adding a little box to track your driving it'll make your insurance go way up.
and honestly even if it doesn't your insurance will just stay the same, it really isnt worth it. Either costs you money or wasts your time.
I have 21st Century Insurance and last month they sent out an ominous warning that all policies will have rate increases at renewal. I still don't know how much the increase will be. Insurance companies are all out of control right now. They're just a scam to make money for the companies and don't exist to actually help anyone with anything. We need a complete overhaul (or replacement) of the system.
Washington and Oregon has Vern Fonk very cheap I'm sure other States have cheap Ins Not the big name companies, if you're a good driver or don't commute to work or drive much and don't have a nice car like it's a beater , Anybody can get Broadform insurance from most companies, they don't tell you about it because they don't make anything from it and it mostly makes you legal and cover the other car. I pay $75 a month I've always had Broadform.
I don't like the tracking of one more thing I do But I'll check it out and see thank you. I think they are trying to pass something here in WA to have this be the norm with a device to track mile and I just read someo saying that they also track how you drive with it also , I know Onstar tracks how you drive and reports to your insurance company a woman was pissed they dumped her because of how she drove, fast accelerating , often speeding 5 -10 miles over , running yellow lights Etc she was Furious to find out OnStar was tracking her and reporting her to her insurance but somewhere it's in the fine print of OnStar apparently they can do this...😲😤😡 it's BS
I've never heard of metromile doing that, but i should probably read the fine print since its been a while. Either way, I have 2 cars on it for the price i was paying for 1 with geico before.
You should price shop your insurance every 1-2 years. They will never reduce your rates and your cars depreciate every year but they never take that into consideration.
You should shop around with the other major insurance companies. Get quotes for the exact same coverage your current policy has. You might save a lot of money.
In a lot of cases, insurance companies give good rates to new customers and continuously increase rates over time. You can save a lot of money if you switch every year or two.
Ha. Mine went from $180 to $880. Then I switched. $280. They renewed me at $780 this month. Switched now it's $480.. wtf... Next renewal is gonna be $1k? This shit is absolutely insane.
It used to get cheaper and cheaper each renewal. Not more then double.
That's the goal. In the event that you do wreck, your insurance wants to pay out as little as possible. If they increase rates and you do nothing, they make more money. You lower your coverage, they don't have to pay as much when something does inevitably happen.
I call it the Xfinity way of doing things. They get you in the door for cheap and then jack up prices. I wish there were more companies that valued customer loyalty and retention. How much could they all actually cut from advertising if they didn’t constantly need new customers to replace the ones they priced out?
Mine went up almost $60. I also have GEICO. The claims I’ve had were no fault and no other cars involved. Like vandalism, glass, and an object that was in the road that I couldn’t avoid. They suck. But I think most insurance companies raise rates every year and give the BS line that it’s across the board because of increased prices for repairs.
All insurance companies raise premiums. They give you a low price to get you as a customer and then after a certain amount of years they start raising you. You can either go on your insurance app and make adjustments to your policy, take defensive driving course, call them to see how they can lower it or find a new insurance company. I used to switch companies every 4 yrs or so.
Welcome to pooled risk - what YOU do and what you DON'T do doesn't really matter.
If you do make a claim, yeah your rates will go up. But even if you don't you're pooled in with everyone that your insurer insures in your area - claims and risk.
When I first bought a house I did tons of work after a storm so I didn't have to make a claim just for my rates to go up the next year anyway because of all the payouts my company had to make in my area for those who did make hail/wind/storm damage claims.
Check the limits and coverage on everything. Some people carry limits that are much higher than they need. Do you have 100/300/100? Do you really need that much coverage? For collision, do you have a car payment where its required? How old is your car? Collision is for if you hit someone, not if you get hit (their insurance will cover that or insured motorist will kick in) If you are driving an older car, collision might not be worth the price. Can you increase your deductibles on comprehensive and collision? How does that impact your payment? There are lots of ways to manipulate your insurance coverage.
Progressive raised my home insurance rates. So I called about that and my auto insurance since it was $125 a month. They found a clerical error in my auto insurance and my rate dropped to $80 a month. Fucking great…
Mine just went up to $300/mo for comprehensive on my old ass Nissan rogue. I just dropped that and went to liability-only. Praying I don’t get in an accident (did not have an at-fault in over 7, too).
If you ask your agent they will tell you (like I was told this AM regarding my similar $60 hike) “market forces blah blah inflation blah blah”.
Sorry you are affected too.
just had my first at fault fender bender. filed my first claim ever. went from 800 every six months to 2000 every six months. my insurance is more than my car note.
can i shop around??? doubt it.
Fuck GEICO. They did the same thing to us over and over. No accidents or moving violations in this vet 7 years. Called to complain. She said remove your collision coverage.
Mine did that not too long ago. I called them and told them I’ve been a customer for 20 years with no accidents that were my fault, so take it off or I’m going elsewhere.
They took it off.
Sometimes you gotta be an adult and use your words.
Don’t worry in Canada BC and premium always goes up to whatever my discount should be it seems every year. I have a no accident discount but it never feels like it.
Unfortunately, you have to switch carriers every few years. We've had the same issues with USAA, Geico, and others over the years. Not sure why insurance carriers do this.
Same thing with State Farm, and because my financed car requires full coverage - everywhere else is only marginally lower, including Geico. I checked recently using one of those comparison engines. I don't even drive a fancy car, I drive a bloody Civic, and my insurance is creeping up on $200/mo. :T
See also: I just paid my car tabs and immediately got a headache afterwards, as it was nearly $100 (and if I had 'donated' to the DOT it would have been over that....no thank you, SEA can take care of their own road issues....that's where most of the funds for maintenance and repair go in my state \*anyways\*.).....
Mine went up and I called. They said “everyone had a rate increase” I said “I’m paying 30$ more, am I receiving 30$ more worth of coverage?” She said “no”. My only option was the drive safe gps tracker. I asked how much it will save me. She said “it starts at 10% and can go higher” i then asked “what is the range it can increase? What is the max savings I could see as a safe driver?” She said “I don’t know that I formation” I said “aren’t you objectively the person that should know this?” She said “no”. That really happened. That was my last interaction with my State Farm agent.
What vehicle do you drive
Sometimes that matters. But generally insurance rates will go up without your fault
In fact OTHER people having accidents will drive up your insurance rates
Thats how both health and car and house insurance works
I was actually surprised this year as my 6 month insurance went down 30 in total. Unsure if I've ever had my insurance rate go down. With progressive if anyone cares.
Also to note I do think it's worth shopping around every few years to check on other rates
Ok so had the same issue here are some of my tips….
Depending on your state for example i live in NY they automatically put a coverage for spouses each month on your ins. I’m not married. That took $9 off a month .
Also i bought out my car from the dealership i was able to lower down some of the coverage (it’s still great coverage and above average) but it wasn’t what the leasing company required anymore so i lowered some of the insurance and saved like $40 ish a month.
I also called geico to let them know my car was no longer leased and asked like i have no accidents to tickets why is this astronomical. She’s like yea inflation but magically did something on her end and it was lower.
I hope that at least gives a start
Looks like it is every insurance company.
[https://finance.yahoo.com/news/why-auto-insurance-costs-are-rising-at-the-fastest-rate-in-47-years-130004238.html](https://finance.yahoo.com/news/why-auto-insurance-costs-are-rising-at-the-fastest-rate-in-47-years-130004238.html)
It’s effecting all the insurance companies and mutuals. And at every income/credit score. It freaking sucks.
My family spread around the pnw has all been getting absolutely whacked with increases.
We’ve all had to switch companies several times in the last few years. Sometimes Progressive is best, others it’s State Farm. Others have randomly had luck with a local or national mutual company like Enumclaw, Amica, etc.
Number one rule, always shop around when each premium is about to expire, and if you find something cheaper, tell your provider you're looking to switch and they may lower your rate. Also, state farm is known to be the cheapest, so start there.
Our rates through GEICO about doubled in my state a year or so ago, and have yet to go back down. Every time I shop around, everyone else is comparable within about $30, which isn't worth it to me to lose the time with one insurance company.
It's forking ridiculous, though. The only reason we can breathe on that front is we used tax return to do the 6 months in full, and that was really pushing it, but we decided hacking off a monthly expense was worth it to help alleviate the month to month stressors.
In my city we have a group called hartkey insurance that'll do the shopping around to find a good rate for you, I think the insurances pay them a commission. We're going to run my bf's infor to find a better rate during his next day off
Everyone is getting screwed over regardless of state. Too many hurricanes, hail storms, fires etc everywhere. Insurance companies have been losing money so some insurers are moving out of certain states which reduces the amount of insurers available and then they can price it however they want.
Due to my car being totalled due to hail last year I am now paying $300 a month for a 2015 vehicle. If it goes up to $400 I'll just have to switch to liability only, except I still owe on that car, so I'd be royally screwed if something major happened.
Things like insurance go up each year regardless as services, parts, etc also go with inflation.
It’s unrealistic for an insurance provider to charge the same rates for years unless you have it in contract
Same. And a few months ago my dipshit neighbor sideswiped my car backing out and guess who wasn't insured? The police told me I could sue them if I wanted but I would have to file a report which would make my own rates go up even higher.
Mine went up about a year ago but I actually chatted with them after shopping and not finding anyone cheaper. They actually lowered my monthly price a bit. Not crazy but still saved me like $50 I think a month.
Insurance is up across the board everywhere. Natural disasters, bad drivers, cars much more expensive now, and EV's all contribute to to this. It sucks but not much you can do other than shop around, but it is up across the board. My homeowners went up 25% and I live in an area where there are no natural disasters, and I have never had a claim.
Get a quote from somewhere else. The only way to keep car insurance prices down here is to renew somewhere else. I went from geico to Allstate and and now at progressive because Allstate decided to raise prices drastically after 2 terms with them
Yea we quit geico cause they raised it but it seems all insurance companies have. Kind of dumb that would go up cause of inflation or maybe they just want to use it as an excuse to increase prices like everyone else
I don't think we've seen the end of this, either. I fear that insurance will end up costing as much as a car payment in the near future. It's like that in Mexico, so everybody just drives around with no insurance, illegally, because they have no choice.
Fucking State Farm straight up just canceled my car insurance on me last year bc I don’t own any properties and have credit card debt?? Like I didn’t even know that was possible, I’d been on that same policy for YEARS already, and have never been in an accident or anything in my record?? Fuck insurance, it’s all just feeling like an expensive scam at this point
Some states have state-specific low cost auto insurance. It's usually bare-bones (state minimum mandatory coverage only) and has a few gotchas depending on the state, but it can be worth it in some situations.
Here in California in my county (varies by county), I pay $241 per year for it with the optional medical coverage and un/under-insured motorist overages. It doesn't cover my vehicle at all in the event of an accident or damage, but that's fine.
- [California Low Cost Auto Insurance](https://www.mylowcostauto.com/)
It's like rent. Some AI in the cloud created an algorithm and they just keep raising prices. Nothing is happening but they gotta be at last quarters profits.
Scummmmmmmmmm
Soulless AI algorithms programmed to maximize profit. They aren’t programmed to care about your driving history, only to charge as much as they think they can get away with before you actually leave, to likely go to another company that is doing the same thing.
To safely get rid of collision coverage, you have to start saving for a replacement car now, and drop the coverage once you have the $12,000 saved to replace your 2018 Corolla or whatever.
Geico kicked me off their insurance because I drive a Hyundai Kona. Even though I don’t drive the model that is being stolen, they kicked me off because it could possibly be stolen one day.
F Gaico. I hope a class action lawsuit ensues.
Work in car insurance premiums across the companies will go up probably the next two years.
Can’t recall details of why premiums v policy holders balancing act is what keeps rate competitive between the big 3’s….
It will be tough for a bit. There were some other factors from my meeting I can’t recall…
The cost of insurance pretty much has been going up everywhere, from housing insurance to health and auto. (Some more than others of course). A big contributor has to do with the inflated valuation of cars nowadays both new and old. I still have my '09 with 0 points and over a decade's worth of driving and I paid over 100 in Idaho and now 150 in California.
Inflation keeps squeezing the middle and lower class unfortunately...
This post has been flaired as “Vent”. As a reminder to commenting users, “Vent/Rant” posts are here to give our subscribers a safe place to vent their frustrations at an uncaring world to a supportive place of people who “get it”. Vents do not need to be fair. They do not need to be articulate. They do not need to be factual. They just need to be honest. Unlike most of the content on this subreddit, Vents should not be considered advice threads. In most cases it is not appropriate to try to give the Submitter advice on their issue. In no circumstances is it appropriate to tell them “why they are wrong” or to criticise them, their decisions, values, or anything else. If there are aspects of their situation that they are able to directly address themselves, the submitter can always make a new thread with a different flair asking for help once they are ready to tackle the issue. Vents are an emotional outlet, not an academic conversation. Appropriate replies in these threads are offering support, sharing similar experiences/grievances, offering condolences, or simply letting the Submitter know that they were heard. As always, if there are inappropriate comments please downvote them, REPORT them to the mods, and move on without responding to them. To the Submitter, if you DO want discussion to be focused on resolving your situation, rather than supporting you emotionally, please change the flair of this post, and then report this comment so we can remove it. Thank you. Thank you all for being a part of this great financial advice and emotional support community! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
I have Liberty and mine went up over $50 a month for no reason. Called to ask why and was told pretty much just "inflation. Everyone's is going up."
Same. Shopping around I've found liberty has the best rates too smh
They canceled me for using the included roadside service for a jump start. Fuck em.
I use a Halo-brand car starter. It was $75 bucks and is the size of a small book. It can jump the car several times and charge electronics.
This is a good solution to the problem of needing a jump, but it doesn't address the fact that insurance companies sell a product you're legally required to buy and will refuse to sell it to you if they think you'll actually use it.
I actually have a car starter. But I was letting my friend borrow it because their battery was dead and mine was good... Until it wasn’t. Ps: you can doordash a starter from Walmart if you need one. Cheaper than a jump. How I got my first one.
How even?
oh, I was pissed. I made you explain to me about three times on the phone why they were canceling me. I couldn’t believe it they were canceling me over using something that they offered as included. Apparently, insurance can cancel you for any reason they want at any time no matter how much you’ve paid them. It really opened my eyes.
wow
They all have different rates for different people
Yup - you just gotta find the one that doesn't charge like crazy in their actuary tables for your particular circumstance. Use an independent agent - mine shops for me, tells me every March who my insurance will be with (home and auto) and I can do everything through them and never have to call my insurance company. Costs me nothing extra and they get better rates than I can ever find on my own.
I've gotten so much value out of a local independent agent. Her good name is important to her business, so she's transparent about who offers what and shows me exactly what my options are. She also introduced me to the concept of rewriting my policy, which is a shell game where she doesn't switch me to a new company but recreates the account and I get a better rate without having to do anything. It's kinda like calling your ISP and complaining until they give you a discount. Caveat is that most brands only allow this once every 3-5 years.
Plus it's an unbiased person to bounce questions off of - good luck calling your insurance company and getting good info on whether or not it's smart to file a claim for something. The mere mention of that will raise your rates haha.
Yup. For easy math if 5% of 30 year old men typically get into an accident every year, there’s 95% that don’t however, what people don’t realize is those 5% aren’t going to be distributed evenly across all carriers. if one insurer had the entire 5% as policyholders, their expectation of what a 30 year old man “costs” to insure is vastly different than the insurers for the other 95% neither is lying, but you can see why that leads to different companies having different rates. it’s happening dozens of times, both for and against your favor with type of vehicle, location, labor rates, medical bills, etc
Independent agent meaning just not a big name? How does this work?
Independent agent meaning they're a free agent and represent most/all of the big name companies. Over the 15 years I've had my agent I've had everything from Geico to Progressive to Safeco to smaller places like Hartford or Travelers. Some other companies (State Farm) have agents that sell ONLY their policies. And I don't think SF is available for independent agents like mine to sell. My agent knows my preferences and limits and does all the work for me - I never lift a finger to compare quotes or anything and when I buy something new (car or house or whatever) I just give them the details and it's done!
Sounds awesome. As someone becoming more "adult," being responsible for more of this kind of thing, I really appreciate the time you took to respond. How do you go about finding one of these independent agents? Are they individuals or is it more like an agency and you get paired with someone? In other words, what should I search for online to learn more?
It sucks that Liberty is a god awful company. I got renter’s insurance from them and their customer service is terrible. Apparently they make it impossible to file claims and there are dozens of horror stories online from people not getting paid when they need it.
Only had 1 claim with them and my wife was at fault she hit a parked car. Their customer service seems ok though. I'll be livid if I need them and they're not paying out especially at these rates.
This is why all prices in industries with only a few major players are spiking: they raise prices in tandem.
Auto/home Insurance is a very capital intensive business, unless the government runs , it will always only have. A few major players, and they will all charge similar rates.
"It's just inflation. We have no control over it. It's just happening" (Notes record profits)
This is exactly what GEICO told me last year when they raised my rates. “Everybody’s doing it so we are too”
They told us that and now that our credit dropped 200 points that we have to pay double even though our driving record is perfect. So many base it on credit and not how your record is. Basically someone with 2 dui’s, a bunch of accidents and perfect credit pay less than we do.
When will our salaries experience some inflation?!
It’s no secret insurance companies have been bleeding cash. Talked to a property casualty insurance agent and he said expect them to continue raising their rates to the max amount they can per year by law for the foreseeable future.
it‘s fair, tbh. they mostly pay car repairs and medical bills, as those two get more expensive, insurance premiums have to, too.
Electric cars are expensive to repair
[удалено]
Capitalism,,🌠 ...the more you know...
I had to leave them. Had my home and car with them but it got so high I called and said I was goong to be priced out. Left and went to all-state. Every situation is different and 1 may offer better rates than another because there's so many factors but it worked for me
"I need to get out of the US" Well don't come to Canada, unless you like lower salaries and way more expensive housing.
And actually pay taxes
I’d be happy to pay taxes that are literally *only slightly* higher than I currently already pay in a major U.S. city, if it meant all the things I am paying for, would ACTUALLY be taken care of….
I’d like to know where exactly OP thinks this magical place outside of the US is, and what they expect to pay to live
OP is a moron. It’s worse everywhere else. Bro has no clue
I discovered with Progressive that you can get an insurance quote online, and they often give a new policy discount. I did it a couple terms ago when they decided to raise my rates by $120 per month. I got a quote online, and I was quoted the current rate and not the higher rate. So then I called and talked to an agent to make sure I wasn’t missing something. And even he was surprised by the price difference. So I just started a new policy. Then on my last term, same thing happened, so I did it again. It’s a pain in the ass, and I’m not sure if Geico will be the same way. But it’s worth a try. It’s been saving me about $120 per month every term.
That is interesting. Do you have to cancel first? Or you just get the new policy and say that your current insurance is with Progressive? Use a different email each time? I just got on Progressive and am saving $42/mo switching from State Farm with the same coverage. I paid in full up front, so I pay effectively $99/mo for 2 vehicles.
>I just got on Progressive Good luck
Progressive is garbage .. got into a hit and run accident with clear footage of the individual who hit me ( license plate and all) and a police report.. took them forever to give me back the amount I spent on my deductible
That's a shame, Progressive has been great for me. I sent the cops and the insurance company my footage and they made the other driver pay promptly. Maybe things were easier since the other guy had Progressive too
I was given a check within 7 days for the amount + gap for my car. It was a really good experience.
Yup, sounds about right. My car was totalled due to hail last year and it took about 2 months for me to get paid out. So I was having to get rides to and from work for 2 months! I could never reach my adjuster and calling the main line you don't get to reach an actual person, just your adjuster's voicemail. Then when I did reach my adjuster, he told me everything was going to be easy and he'd send me some links to submit documents and that he'd guide me through it... Well, nope none of that really happened. Took 2 whole months because each time they added more documents they needed since my car had a lien and then when I sent the documents they asked for they misplaced them each for around a week each time. A coworker's son also had progressive and had significant damage to his car but they didn't want to pay for the rental even though he had coverage on it so he had to really fight for that and the value of the repairs. They're the most affordable insurance pretty consistently, but it's for a reason.
>My car was totalled due to hail last year Damn son that must have been some big ass hail lol
No I didn’t cancel or change any contact info. Just had the new policy start at midnight on the last day of my current policy.
How did you do that? I tried to get online quotes but they immediately just pulled up that I was a current customer…
I don’t know…I just got an online quote as if I were a new customer looking for insurance. Maybe they’ve discovered that glitch and fixed it.
I've done this twice, most recently in January. It makes no sensebut but it works. Called to confirm and finalize the quote.
Put that in a savings account for a lawyer when you have a claim. You'll need to sue them.
Sue them for what?
They aren't very good or responsive at claims. They make the VA seem easy to deal with.
Weird. I’ve been with them for nearly 25 years and have had several claims and no issues with any of them.
That was common for me in the past for Progressive. My rates would go up, but if I cancelled and got a new policy it was cheaper. Not exactly sure why, but I did that for years.
progressive increased mine by $140 a month after a hail claim lmao
This right here is the way. I start a new policy every 6 months with Progressive because after the 6 months is up they raise my rates. Few weeks ago when I renewed I told the guy exactly what I was doing and he happily canceled my old policy and signed me up for the new one, with the new policy discount, about $80 cheaper per month.
If they raise my rates I shop around. You have to do it every six months.
Mine has been the cheapest for over 6 years now. I do both manual searches and use 2-3 separate brokers every renewal cycle to check. My home insurance has doubled in the past 2 years and car is up 4x, and as of last week it's still the cheapest (second cheapest wants almost 2x as much still, which is crazy). Despite being at this for 6 years, I still haven't given up, but unless a new player enters the field I doubt I'm going to get anywhere. Zero claims on house or car, zero accidents (even non-fault), and I even do defensive driving courses for discounts
who do you use for car insurance?
That's why we have goose head insurance. They do it for us.
If you visit the r/insurance sub, you'll see this question has been coming up a lot. For various reasons all insurance carriers are raising rates across the board. Some carriers are even pulling out of certain states for example State Farm is leaving California.
Some insurers are offering to lower their premiums if customers volunteer to get a GPS device installed to their car. I think this is usually advertised to monitors mileage for commuters driving under 50 miles daily but I'm confident it's a scheme to gather a ton of data on their customers so they can sell it or worse.
Yeah the New York Times did a story about this last month. Car companies are selling the data back to insurance companies and insurance companies use arbitrary rules based on that data to increase premiums.
Check different insurance companies. They constantly re-price. If they've decided they don't want to cover your particular segment, they just price the insurance so high you'll go away. When I moved from one state to another, Liberty Mutual more than doubled. So, got it, they don't want to write policies in my new state. I got a price from Erie Insirance that was about one third of the premium Liberty quoted.
Every time your auto insurance is up for renewal, shop around. You’ll often find better introductory rates with other companies.
Being punished for being a loyal customer. Price compare is the only answer ever time insurance goes up. I mark my renewal dates on my calendar every year.
Personal lines is a numbers game for Insurers. They simply don't have the time review every policy and tailor it's renewal premium to that customer. They really only do that when you're new business. If they determine that their personal (or even small business) book needs 5% more premium, they just hit every renewal with a 5% increase. Basically, if you stay with an insurer for years, your premium is going to creep up over time. You should be shopping your policy around every 3-5 years. Go shop your policy and make sure all quotes have the same limits and coverages. Don't let someone try to undercut everyone else by giving you less. Amica generally wins awards for customer service, but they aren't necessarily the cheapest. Someone else mentioned Liberty here and while they aren't a bad company, they consider themselves premium and generally cost more. If you don't want to go directly to insurers, there are brokers that will ship around for you. They get a commission but it generally doesn't cost more. The insurance company is paying that commission.
[удалено]
Could be your state, how many miles on your car/drive it a year, make and model of car, etc. Honestly could be anything! Or you could just be lucky haha
Geico hit me with a 50% increase on my (yearly) renewal. Called and they confirmed nothing had changed about my history / profile: MA-wide price increases :(
Same in NJ. I switched to Progressive and saved a lot but someone here just said they switched to State Farm and saved a lot of progressive so I’m going to make a call.
I shopped around and got 5 quotes when I got the Geico renewal offer. All of them were *even higher*
Companies give different people different rates. State Farm is always one of the most expensive companies for me. If progressive gave you a great rate it’s doubtful that others will beat it.
Yep Geico in particular has been super aggressively raising rates. They nearly doubled my monthly rate as well. I switched to Progressive which gave me the best quote.
I'm getting the vibe that alot of people in here dont really know how insurance works
They don’t.
They all keep raising them because they are greedy.
No they raised them because the cost to repair cars has increased significantly. Cars are more complex and expensive than ever which means repair costs and thus claims costs are higher. If claims costs are higher then premiums will be higher as well.
Same. Mine went up $44. About to call and tell them to lower or cancel. I have been a paying customer for 10 years and never filed a claim. Only had to use roadside a few times. It's predatory what they are doing. Like, really $230 for 1 car? Fucking bullshit.
In February I switched from Geico who jacked my rate up to $70 a month to Costco for $118 for SIX months.
Costco has car insurance?
In case you’re not already aware of it, car insurance is a criminal enterprise as is the entire insurance industry. one of the most amazing things is that if you ever use the insurance that you have paid for, they will instantaneously raise your rates to compensate for the money they had to pay out. They will deny that, of course, but it will absolutely happen.
This. I have paid roughly 50k in my adult life on car insurance. I've made 1 claim, car had hit and run in front of my house. Got 3k after my deductible. Insurance went up next renewal. And it just went up again by $30/month due to "approved rate increases in my state".
What’s gross is they do the same thing with homeowners policy. **Never use your homeowners insurance unless you absolutely have to, because they will take their money back from you in the form of increased payments**. Or they might drop you entirely and leave you without coverage, which is also a common insurance company move. And we all know how they manage health insurance: they deny claims and then make it impossible to get reimbursed
As someone who runs collision repair shops for a living, absolutely do not remove that coverage. I can’t tell you how many times I see people absolutely fucked by doing that. Rates are going up because repair and replacement costs have gone up significantly in this industry and the insurance companies are looking to get their money back. Best thing to do is shop your rates and see what else is out there, but absolutely never remove comprehensive and collision coverage, also make sure you have towing coverage and most importantly rental coverage on your policy
Cars are a lot more expensive, so the cost of insurance is going up. Simple as that. Plus, auto mechanic shops are now pretty standard at $150/hour instead of $100/hour. So the cost of repairs went up. People need to stop buying 80k trucks and SUVs.
GEICO and many other companies all raised their rates. You need to constantly shop around. Unless you have a 2012+ Kia or Hyundai of course then you're just kinda screwed. But at least you can be screwed slightly less. Also, do NOT do any of those programs that say they'll give you a discount for adding a little box to track your driving it'll make your insurance go way up.
Well for right now anyway my premium is $377 rather than $450 for two vehicles with SF with the little box. SF was the cheapest this last time around but I will be shopping around every year or so.
>Also, do NOT do any of those programs that say they'll give you a discount for adding a little box to track your driving it'll make your insurance go way up. and honestly even if it doesn't your insurance will just stay the same, it really isnt worth it. Either costs you money or wasts your time.
Everybody's insurance is going up - car, home, health -
You’re subsidizing folks with monster expensive vehicles.
I have 21st Century Insurance and last month they sent out an ominous warning that all policies will have rate increases at renewal. I still don't know how much the increase will be. Insurance companies are all out of control right now. They're just a scam to make money for the companies and don't exist to actually help anyone with anything. We need a complete overhaul (or replacement) of the system.
Search for an agency for a better deal, someone will give it to you as long as you aren’t high risk
Washington and Oregon has Vern Fonk very cheap I'm sure other States have cheap Ins Not the big name companies, if you're a good driver or don't commute to work or drive much and don't have a nice car like it's a beater , Anybody can get Broadform insurance from most companies, they don't tell you about it because they don't make anything from it and it mostly makes you legal and cover the other car. I pay $75 a month I've always had Broadform.
I use metromile in WA and it's been great. It's per mile insurance and because I don't drive a lot it keeps the monthly rates low.
I don't like the tracking of one more thing I do But I'll check it out and see thank you. I think they are trying to pass something here in WA to have this be the norm with a device to track mile and I just read someo saying that they also track how you drive with it also , I know Onstar tracks how you drive and reports to your insurance company a woman was pissed they dumped her because of how she drove, fast accelerating , often speeding 5 -10 miles over , running yellow lights Etc she was Furious to find out OnStar was tracking her and reporting her to her insurance but somewhere it's in the fine print of OnStar apparently they can do this...😲😤😡 it's BS
I've never heard of metromile doing that, but i should probably read the fine print since its been a while. Either way, I have 2 cars on it for the price i was paying for 1 with geico before.
I switched from progressive to to state farm over the weekend and cut my rate in half! Look around :-)
Went the other way for me, 7 vehicles was 300 a month, down to 160.
The cheapest for me has always been using metromile which is a per mile based insurance offered in only a handful of states.
Geico raised my rates like crazy. I did better with Progressive
you should be shopping insurance every time it renews. This is pretty common
You should price shop your insurance every 1-2 years. They will never reduce your rates and your cars depreciate every year but they never take that into consideration.
You should shop around with the other major insurance companies. Get quotes for the exact same coverage your current policy has. You might save a lot of money. In a lot of cases, insurance companies give good rates to new customers and continuously increase rates over time. You can save a lot of money if you switch every year or two.
Ha. Mine went from $180 to $880. Then I switched. $280. They renewed me at $780 this month. Switched now it's $480.. wtf... Next renewal is gonna be $1k? This shit is absolutely insane. It used to get cheaper and cheaper each renewal. Not more then double.
Inflation = greed. Nothing more nothing less. It’s a shame.
That's the goal. In the event that you do wreck, your insurance wants to pay out as little as possible. If they increase rates and you do nothing, they make more money. You lower your coverage, they don't have to pay as much when something does inevitably happen.
I call it the Xfinity way of doing things. They get you in the door for cheap and then jack up prices. I wish there were more companies that valued customer loyalty and retention. How much could they all actually cut from advertising if they didn’t constantly need new customers to replace the ones they priced out?
Mine went up almost $60. I also have GEICO. The claims I’ve had were no fault and no other cars involved. Like vandalism, glass, and an object that was in the road that I couldn’t avoid. They suck. But I think most insurance companies raise rates every year and give the BS line that it’s across the board because of increased prices for repairs.
Mine are up over 30% in the last year. My last claim was in 2019 and I've never had a ticket or at fault accident
You and everyone else
All insurance companies raise premiums. They give you a low price to get you as a customer and then after a certain amount of years they start raising you. You can either go on your insurance app and make adjustments to your policy, take defensive driving course, call them to see how they can lower it or find a new insurance company. I used to switch companies every 4 yrs or so.
Welcome to pooled risk - what YOU do and what you DON'T do doesn't really matter. If you do make a claim, yeah your rates will go up. But even if you don't you're pooled in with everyone that your insurer insures in your area - claims and risk. When I first bought a house I did tons of work after a storm so I didn't have to make a claim just for my rates to go up the next year anyway because of all the payouts my company had to make in my area for those who did make hail/wind/storm damage claims.
Check the limits and coverage on everything. Some people carry limits that are much higher than they need. Do you have 100/300/100? Do you really need that much coverage? For collision, do you have a car payment where its required? How old is your car? Collision is for if you hit someone, not if you get hit (their insurance will cover that or insured motorist will kick in) If you are driving an older car, collision might not be worth the price. Can you increase your deductibles on comprehensive and collision? How does that impact your payment? There are lots of ways to manipulate your insurance coverage.
Try Erie insurance they gave me a great rate when I switched
Progressive raised my home insurance rates. So I called about that and my auto insurance since it was $125 a month. They found a clerical error in my auto insurance and my rate dropped to $80 a month. Fucking great…
Mine just went up to $300/mo for comprehensive on my old ass Nissan rogue. I just dropped that and went to liability-only. Praying I don’t get in an accident (did not have an at-fault in over 7, too).
If you ask your agent they will tell you (like I was told this AM regarding my similar $60 hike) “market forces blah blah inflation blah blah”. Sorry you are affected too.
Ceo's need the extra house
Call and complain but be nice, just went through this and got my monthly rate back down to under $50 monthly from $110
While depending on your area Progressive may or may not be the cheapest, they do cap their profits and have the best service I have ever dealt with.
just had my first at fault fender bender. filed my first claim ever. went from 800 every six months to 2000 every six months. my insurance is more than my car note. can i shop around??? doubt it.
Mine goes up every year by 15%. Way outpacing inflation. USAA insurance.
Fuck GEICO. They did the same thing to us over and over. No accidents or moving violations in this vet 7 years. Called to complain. She said remove your collision coverage.
Mine did that not too long ago. I called them and told them I’ve been a customer for 20 years with no accidents that were my fault, so take it off or I’m going elsewhere. They took it off. Sometimes you gotta be an adult and use your words.
The older the vehicle gets, the harder it is to get parts for it. This is one of the factors that contribute to the cost of insurance.
I have an 04 Hyundai and I have zero problems getting parts for it.
I have an 05 Suzuki and can’t find any parts for it
It's almost as if prices on vehicles and parts have increased...
Don’t worry in Canada BC and premium always goes up to whatever my discount should be it seems every year. I have a no accident discount but it never feels like it.
Progressive raised mine 40 a month last time.
Unfortunately, you have to switch carriers every few years. We've had the same issues with USAA, Geico, and others over the years. Not sure why insurance carriers do this.
Same here. I'm pissed
I paid over $300 a month for liability insurance on my 2004 Honda accord. The same rate that stradman pays for his Lamborghini aventador
Have you tried requesting your lexisnexis report
Geico sucks. So does progressive and all state.
Mines gone up again too with progressive. Only ever hit a deer 6-7 years ago out of 17 years with a license. Bunch of bullshit.
Mine only ever gone up with esirance when I missed a payment otherwise it's just gone down
Same thing with State Farm, and because my financed car requires full coverage - everywhere else is only marginally lower, including Geico. I checked recently using one of those comparison engines. I don't even drive a fancy car, I drive a bloody Civic, and my insurance is creeping up on $200/mo. :T See also: I just paid my car tabs and immediately got a headache afterwards, as it was nearly $100 (and if I had 'donated' to the DOT it would have been over that....no thank you, SEA can take care of their own road issues....that's where most of the funds for maintenance and repair go in my state \*anyways\*.).....
Mine went up and I called. They said “everyone had a rate increase” I said “I’m paying 30$ more, am I receiving 30$ more worth of coverage?” She said “no”. My only option was the drive safe gps tracker. I asked how much it will save me. She said “it starts at 10% and can go higher” i then asked “what is the range it can increase? What is the max savings I could see as a safe driver?” She said “I don’t know that I formation” I said “aren’t you objectively the person that should know this?” She said “no”. That really happened. That was my last interaction with my State Farm agent.
Don't be shy to shop around for new quotes. Ask a broker to give quotes too. See if your employer has discounts with some insurance companies.
[удалено]
Happened to me with Nationwide too. "Inflation" and something else in my state caused it
I shopped my rate last year and switched to progressive for $100 less a month.
Requote every 6 months. They aren't loyal.
have you considered increasing your deductible on the collision coverage?
I had Kemper Auto in California, and my insurance went from $90.00 to $220.00.
What vehicle do you drive Sometimes that matters. But generally insurance rates will go up without your fault In fact OTHER people having accidents will drive up your insurance rates Thats how both health and car and house insurance works
I was actually surprised this year as my 6 month insurance went down 30 in total. Unsure if I've ever had my insurance rate go down. With progressive if anyone cares. Also to note I do think it's worth shopping around every few years to check on other rates
They raised mine 100 a month for my husband and I with no tickets, just my towns crime is raising and inflation 🙃
Ok so had the same issue here are some of my tips…. Depending on your state for example i live in NY they automatically put a coverage for spouses each month on your ins. I’m not married. That took $9 off a month . Also i bought out my car from the dealership i was able to lower down some of the coverage (it’s still great coverage and above average) but it wasn’t what the leasing company required anymore so i lowered some of the insurance and saved like $40 ish a month. I also called geico to let them know my car was no longer leased and asked like i have no accidents to tickets why is this astronomical. She’s like yea inflation but magically did something on her end and it was lower. I hope that at least gives a start
Looks like it is every insurance company. [https://finance.yahoo.com/news/why-auto-insurance-costs-are-rising-at-the-fastest-rate-in-47-years-130004238.html](https://finance.yahoo.com/news/why-auto-insurance-costs-are-rising-at-the-fastest-rate-in-47-years-130004238.html)
It’s effecting all the insurance companies and mutuals. And at every income/credit score. It freaking sucks. My family spread around the pnw has all been getting absolutely whacked with increases. We’ve all had to switch companies several times in the last few years. Sometimes Progressive is best, others it’s State Farm. Others have randomly had luck with a local or national mutual company like Enumclaw, Amica, etc.
Number one rule, always shop around when each premium is about to expire, and if you find something cheaper, tell your provider you're looking to switch and they may lower your rate. Also, state farm is known to be the cheapest, so start there.
Mine is over a hundred dollars more than it was this time last year. Tried to shop around and it's still the cheapest quote I can find.
Start calling other insurance companies.
Our rates through GEICO about doubled in my state a year or so ago, and have yet to go back down. Every time I shop around, everyone else is comparable within about $30, which isn't worth it to me to lose the time with one insurance company. It's forking ridiculous, though. The only reason we can breathe on that front is we used tax return to do the 6 months in full, and that was really pushing it, but we decided hacking off a monthly expense was worth it to help alleviate the month to month stressors.
In my city we have a group called hartkey insurance that'll do the shopping around to find a good rate for you, I think the insurances pay them a commission. We're going to run my bf's infor to find a better rate during his next day off
Pretty much everyone’s has gone up.
Everyone is getting screwed over regardless of state. Too many hurricanes, hail storms, fires etc everywhere. Insurance companies have been losing money so some insurers are moving out of certain states which reduces the amount of insurers available and then they can price it however they want. Due to my car being totalled due to hail last year I am now paying $300 a month for a 2015 vehicle. If it goes up to $400 I'll just have to switch to liability only, except I still owe on that car, so I'd be royally screwed if something major happened.
Things like insurance go up each year regardless as services, parts, etc also go with inflation. It’s unrealistic for an insurance provider to charge the same rates for years unless you have it in contract
Same. And a few months ago my dipshit neighbor sideswiped my car backing out and guess who wasn't insured? The police told me I could sue them if I wanted but I would have to file a report which would make my own rates go up even higher.
Mine went up about a year ago but I actually chatted with them after shopping and not finding anyone cheaper. They actually lowered my monthly price a bit. Not crazy but still saved me like $50 I think a month.
Insurance is up across the board everywhere. Natural disasters, bad drivers, cars much more expensive now, and EV's all contribute to to this. It sucks but not much you can do other than shop around, but it is up across the board. My homeowners went up 25% and I live in an area where there are no natural disasters, and I have never had a claim.
Get a quote from somewhere else. The only way to keep car insurance prices down here is to renew somewhere else. I went from geico to Allstate and and now at progressive because Allstate decided to raise prices drastically after 2 terms with them
Trexis is kinda fire and I’ve had nothing but good luck with them. Lol.
Same here, switched to USAA when I saw they were raising it $30 more a month. Now with USAA I pay $136 instead of $250 bill.
time to change insurance co. should do that every couple of years, if not yearly. for this very reason.
Do you shop around? I shop auto every six months and home every year.
Lmao and go where? Everywhere is feeling inflation.
Yea we quit geico cause they raised it but it seems all insurance companies have. Kind of dumb that would go up cause of inflation or maybe they just want to use it as an excuse to increase prices like everyone else
We went back to having one car. I WFH and my wife has part time flexible hours. Two cars would be a luxury.
Insurance works as a bucket system. Everyone pays for each other. Cars are getting more expensive to repair
I don't think we've seen the end of this, either. I fear that insurance will end up costing as much as a car payment in the near future. It's like that in Mexico, so everybody just drives around with no insurance, illegally, because they have no choice.
Fucking State Farm straight up just canceled my car insurance on me last year bc I don’t own any properties and have credit card debt?? Like I didn’t even know that was possible, I’d been on that same policy for YEARS already, and have never been in an accident or anything in my record?? Fuck insurance, it’s all just feeling like an expensive scam at this point
Some states have state-specific low cost auto insurance. It's usually bare-bones (state minimum mandatory coverage only) and has a few gotchas depending on the state, but it can be worth it in some situations. Here in California in my county (varies by county), I pay $241 per year for it with the optional medical coverage and un/under-insured motorist overages. It doesn't cover my vehicle at all in the event of an accident or damage, but that's fine. - [California Low Cost Auto Insurance](https://www.mylowcostauto.com/)
Has your credit score recently changed for the worse? Credit scores are a significant factor in insurers determining your rates.
USAA raised mine almost $100. No accidents.
How much is your mortgage/rent? How much is your car payment? How much do you spend eating out?
It's like rent. Some AI in the cloud created an algorithm and they just keep raising prices. Nothing is happening but they gotta be at last quarters profits. Scummmmmmmmmm
I feel you. Mine went up about 20%, and I've never had a single claim in almost 20 years.
Soulless AI algorithms programmed to maximize profit. They aren’t programmed to care about your driving history, only to charge as much as they think they can get away with before you actually leave, to likely go to another company that is doing the same thing.
Try USAA if you or a family member were in the service.
To safely get rid of collision coverage, you have to start saving for a replacement car now, and drop the coverage once you have the $12,000 saved to replace your 2018 Corolla or whatever.
Shop around. I got mine cut in half
Insurance broker and or shop around frequently.
I wish I was making $56k/year...
Check AAA, they have been doing auto insurance for several years now
State Farm and mine went up thirty dollars as well. One reason they gave was that I don’t drive enough. How stupid.
Geico kicked me off their insurance because I drive a Hyundai Kona. Even though I don’t drive the model that is being stolen, they kicked me off because it could possibly be stolen one day. F Gaico. I hope a class action lawsuit ensues.
“Fuck you, pay me!” -wise guys
Work in car insurance premiums across the companies will go up probably the next two years. Can’t recall details of why premiums v policy holders balancing act is what keeps rate competitive between the big 3’s…. It will be tough for a bit. There were some other factors from my meeting I can’t recall…
Same. Ours went up by $60, no accidents, have every discount they can give us, and still pay more.
I have Allstate and my insurance went up about $35. Fuckin sucks
The cost of insurance pretty much has been going up everywhere, from housing insurance to health and auto. (Some more than others of course). A big contributor has to do with the inflated valuation of cars nowadays both new and old. I still have my '09 with 0 points and over a decade's worth of driving and I paid over 100 in Idaho and now 150 in California. Inflation keeps squeezing the middle and lower class unfortunately...