Posted on 05/22/2018 10:58:47 AM PDT by Allen In Texas Hill Country
Over the last 3 or 4 (and more) years my car insurance was between 800$ and 950$ a year. Went up a bit and would go down a bit. Thats for 2 cars and 2 drivers. Not sure if I should name the company. Then the bill for the last half of '18 came in and it went up to $1300 a year. Thats like a 44% or more increase. Anybody else see a staggering increase like this? Is $1300 a year ($110 a month) normal?
I have a perfect driving record. I was with an insurance Company for years with no blemishes. I had to change insurance companies because I moved from NC to SC. My insurance with the new company was going to stay the same until they found out the I was in 2 accidents that were not my fault. Got rear ended and then some dude dinged me in the parking lot hit and run. It was not my fault but my insurance went up because I was “involved” in an accident. What a SCAM!!!!!!!!!!!!
1. Distracted driving. The adjusters are dealing with more and more crashes where there aren't even any skid marks. This results in both higher frequency of crashes as well as more severe crashes.
2. Increasingly complex cars with more computers, sensors, cameras, etc. to fix.
Maybe it’s time to shop around.
I was told not to stay with one insurance company for too long.
I’m looking around. That Texas Farm Bureau first.
have similar/identical situation w/”progressive”. For no reason, and w/no substantive explanation increased $$ for the 2nd 6-months period.
Cancelled our coverage without telling us after an accident, so that we had no insurance, unbeknownst to us. That’s dangerous.
Thanks for the link. People are crashing more. Let’s hear it for no-fault.
No skid marks...Wonder if drivers of cars with automated breaking systems are seeing increases...?
Same here. I had to shop around last January and Geico saved me a bunch.
did you get old? That’s a popular one.
Since you’re in TX -
1) Harvey losses will have an impact on rates
2) Credit rating has an overly large impact on rates (everyone says their credit is perfect - not saying your’s isn’t - until they actually have their credit pulled)
3) Around the San Antonio area the hail storm from a couple of years ago is also hitting rates hard
Costco membership got me good rates with Ameriprise Insurance -low mileage-retired - 2 cars full coverage- 2 drivers less than 700.00/yr. my mileage is less than 850/car per yr. Cars are 2016 Toyota -Suv and Pickup.
I’ve used the same insurance since 1999. No claims in all that time. Last year I bumped a car slightly at a light, no damage at all. The insurance for a year went up about $200 after I took an online defensive driving course they recommended, which did save me a bit. The rise is a combination of retirement age and the one claim by the other party, I think, although I’m hopeful that in a year or two it may drop a bit.
I do use their advice about staying farther back from other cars at a light!
Mines Ameriprise too. Just put IDS in one of the replys because that name is on the bill. May I ask if your rates been around $900 a year and are they still?
Geez an FR user one month longer than I..........
My guess would be the huge payouts from hurricane Harvey are being added in. But that is just a guess.
Sorry-late reply. Yes, ONLY because low mileage use. They send mileage verification form each renewal. Being retired means less travel.
It would have been cheaper to pay out of pocket.
Maryland mandated “improvements” to our insurance. So of course our rates had to go up to cover what the state mandated the company to cover.
Thanks Maryland!!
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