Auto ins just doubled!

[Greenbeforeblue]

I renew our policies annually and pay up front. Much cheaper than paying monthly.

And it gives you true picture of what you're paying. I get a discount for paying a year in advance. My insurance guy knows two things for certain; I won't call him for anything less than a total, and more importantly, if my rate goes up I'm shopping that day for a new carrier.

 

[grampi]

If people can't manage their time or get their butt out of bed on time is no concern to me . If someone tries to use a vehicle to harm me because I won't do 20 over the limit they have a disorder the courts can handle .

Yep, I don't alter my driving to please speeders. Plus I have a dangerous trailer hitch that's already punched through a following driver who wasn't paying attention...and HE got a ticket I just laughed and drove away...that thing had a lot of anti-freeze in it!

 

[The Critic]

She has not been mentioned to them

They can pull via public records.

 

[Silverado12]

I'm in Virginia and have used State Farm for the past 47 years; I've used them ever since I bought my first car. Their rates might not be the absolute cheapest but they haven't tried to cheat me on a claim.

 

[gfh77665]

If they spied on me they would think I'm a 90-year-old guy with a heart condition . Who likes donut shops .

And you auto rates will double.

 

[scoot]

And you auto rates will double.

Not likely, my rates have gone out maybe 10% and 10 years. I am in a pool in a certain category where we don't let fools in .

 

[Pablo]

Even getting quotes is now a huge pain

 

[grampi]

Even getting quotes is now a huge pain

Which is why I let my broker do that for me...getting quotes are a PITA because of making sure you're comparing apples to apples...

 

[Pablo]

Which is why I let my broker do that for me...getting quotes are a PITA because of making sure you're comparing apples to apples...

I am trying different brokers and still a pain

My question is how close is one shoddy insurance outfit- broker, agent- to selling your information?

 

[Majsmith]

Just as insurance is over seen by the state so are the lotteries , both government rackets

Lotteries are just a tax on people that are bad at math...

 

[grampi]

I am trying different brokers and still a pain

My question is how close is one shoddy insurance outfit- broker, agent- to selling your information?

IDK, but that sounds illegal...

 

[Pablo]

IDK, but that sounds illegal...

Absolutely. I don't want to say I was shocked, but the insurance industry has ALL your data. One scammer click away, one person down on their life luck selling out.......

 

[JTK]

@Chris142 Same thing has just happened to me in the PR of NY. I'm frustrated, exhausted and sick over this.

I've had a really good deal going with NY Central Mutual the past few years. I've had great coverage on the 5 vehicles in my sig, and 3 of my kids have been added one by one onto the policy as they got their licenses. My renewal is next month. Last week I got a letter from them saying they are dropping me because of the two deer hits and one glass claim I filed over a ~15 month period. Two comp claims and one glass claim.

I spent the past two days searching for a replacement policy. One broker I went through tried 15 carriers and only 2 would accept me. I wound up finding the best price I could find through Allstate. My premiums have now gone from ~$5500/year to ~$10500/year. In reality, it isn't bad for 5 vehicles. 2 w/out collision coverage. It's the jump that is ruining me. The kids all have to pay up or I have to turn in plates.

 

[grampi]

I hate to say it, but it looks like we're heading for price regulating in the insurance industry. If insurance is mandated, then it has to be affordable. These companies can't keep getting away with price raping everyone. Something's gotta give...

 

[demarpaint]

I hate to say it, but it looks like we're heading for price regulating in the insurance industry. If insurance is mandated, then it has to be affordable. These companies can't keep getting away with price raping everyone. Something's gotta give...

+1. A good way to tame inflation would be to keep an eye on the insurance industry, imo they're one of the biggest ripoffs there is. The thought of my homeowner's renewal in September is sickening................

 

[HowAboutThis]

Edited because my memory of numbers was off. Nevermind

 

[GON]

+1. A good way to tame inflation would be to keep an eye on the insurance industry, imo they're one of the biggest ripoffs there is. The thought of my homeowner's renewal in September is sickening................

If we didn't print money there would be no inflation. Insurance industry would simply not be able to raise rates on a holistic basis.

Inflation comes from one source, printing money to avoid the truth.

 

[ripcord]

If we didn't print money there would be no inflation. Insurance industry would simply not be able to raise rates on a holistic basis.

Inflation comes from one source, printing money to avoid the truth.

Not to nit-pick, but it's printing too much money that causes high inflation. As the efficiency of producing goods and services increases due to technological advances and growing populations, we end up with more "stuff" in circulation. Without a gradual increase in the overall money supply, we would end up with deflation.

Also, in terms of monetary policy, the old adage is that it's easier to pull on a rope than push on one, so it's easier to manage just a little inflation than a little deflation, so central banks aim for a low rate of inflation.

 

[GON]

Not to nit-pick, but it's printing too much money that causes high inflation. As the efficiency of producing goods and services increases due to technological advances and growing populations, we end up with more "stuff" in circulation. Without a gradual increase in the overall money supply, we would end up with deflation.

Also, in terms of monetary policy, the old adage is that it's easier to pull on a rope than push on one, so it's easier to manage just a little inflation than a little deflation, so central banks aim for a low rate of inflation.

People significantly smarter than me strongly disagree with your economics professors.

 

[Dave Hess]

They will probably just pumps Trillions back into economy and buy all the junk bonds.