Pay the bill only after getting multiple quotes...Nothing I can do but just pay the bill.
I don’t like it but I need insurance.
Pay the bill only after getting multiple quotes...Nothing I can do but just pay the bill.
I don’t like it but I need insurance.
So everyone just pays more. Genius.
The issue is a bit more complex than that. Rate making is fairly granular - the number of data inputs and external factors are pretty staggering if you have ever seen one of these models. Keep in mind that once you enter the market, getting a rate increase can take you 1-2 years and as evident in the article, you're limited to asking for 6.9% unless you want to risk other things. Doesn't mean you'll receive 6.9%, either. And while you wait, each year, your rate need can increase by 5-15%. See the issue?That could be true, so they’ll probably lump the entire state together and bump rates over time. Lots of uninsured and unlicensed drivers in CA too.
Unless you can't even get any quotes, therein lies the problem.Pay the bill only after getting multiple quotes...
Hmmm, perhaps it's time for me to quit whining about the cost of our mandatory public insurance here ...What is going on here! I've been with Esurance for years, before that I was with Progressive, before that Geico. I'd switch whenever the rates were better. Got lazy so stuck with Esurance as the price always seemed OK. About $100/mo for what I consider to be good coverage. High limits, $500 deductive on comprehensive/collision, etc.
Recently I heard some insurance companies are no longer accepting customers in CA but didn't think much of it - though that was more in refence to home insurance or fire insurance or something.
Well, my boyfriend happened to share with me he pays $250/mo for insurance. I was like WHAT!!!! That seemed crazy to me. I looked at it and it's not minimum but not great coverage limits. Way less than mine. I have mine set high as modern vehicle prices, prices of everything, are high. On a Nissan Kicks. Annual mileage of maybe 12K-15K tops. One incident in the past five years where his parked vehicle was hit. So we tried to shop around. First I used the Jerry app to compare prices as it's convenient. 19/20 insurance providers declined coverage due to "not accepting customers in California at this time" while ONE that I'd never heard of offered coverage at $109/mo. But that was for minimum liability only. Increasing the coverage to something reasonable and added comprehensive/collision and they declined covereage as well.
Then we tried directly on Geico website. They quoted $200/mo and said something about a 15 business day underwriting review. Sounded to me like a kind way to say "no" without specifically saying no.
Esurance didn't even let us submit a quote upon entering zip code and referred to some third party thing I'd never heard of either.
My question is, is this the new norm? How is anyone getting reasonably priced insurance? What to do!? Like, what does someone do if they need insurance now?
I wouldn't say that is always the case. My 20 Ram costs the same as my 11 Prius to insure. The 07 Accord costs about 20% more than the Ram, and it isn't just the Comp - it is every coverage.I have 16 and 18 year old drivers, that is what I suspect the main driver of my insurance... knew I should have gone old and used! that's part of why I'm not sure I want to change my deductible, although the kids don't drive the newer cars.
At least in my case, my insurance should start creeping down at some point, as they gain age and/or strike out on their own in a few years. But until then... makes me realize, they were cheap when they were little.
I did some googling before buying, and it seemed that most links were indicating the same insurance cost between the two, which is why I was taken aback by the bill. It was unexpected. Not sure if it would have swayed my decision or not, but, it was not in line with what I expected.I wouldn't say that is always the case. My 20 Ram costs the same as my 11 Prius to insure. The 07 Accord costs about 20% more than the Ram, and it isn't just the Comp - it is every coverage.
Not the first time that I have seen this.
You keep looking for the state to regulate "some more" in hopes that it'll help your BF.I just read that in California they can't use gender or credit score to influence your rate, though.
You need to find an independent insurance agent, they can quote most any insurance companies and get you the most accurate quote. Not a website.So we tried to shop around. First I used the Jerry app to compare prices as it's convenient. 19/20 insurance providers declined coverage due to "not accepting customers in California at this time" while ONE that I'd never heard of offered coverage at $109/mo. But that was for minimum liability only. Increasing the coverage to something reasonable and added comprehensive/collision and they declined covereage as well.
Then we tried directly on Geico website. They quoted $200/mo and said something about a 15 business day underwriting review. Sounded to me like a kind way to say "no" without specifically saying no.
Insurance is highly dependent on age, location, credit, car, etc. but wow! That's expensive. My '18 Genesis is about $50/mo more than the Grand Cherokee was. Both full coverage, it's $173/mo so $2,076/yr. $500 deductibles, 100/300/100 coverages with uninsured and underinsured coverage.I was miffed when I got the insurance bill on my new to me '21 Corolla. Wife has a '21 Camry Hybrid. Should be same cost, right? nope. Hers is $2k/yr and mine is $2,500. ???? I looked into changing deductible from $500 to $1k but it only saves $250 per year, not sure on the "gain" there.
I have 16 and 18 year old drivers, that is what I suspect the main driver of my insurance... knew I should have gone old and used! that's part of why I'm not sure I want to change my deductible, although the kids don't drive the newer cars.
At least in my case, my insurance should start creeping down at some point, as they gain age and/or strike out on their own in a few years. But until then... makes me realize, they were cheap when they were little.
Either way it ends up in incredibly high prices or insurers backing out. Have you looked at the market for homeowners insurance in FL lately? I thought FL had the regs "dialed back"? There will be no insurance for high risk coastal areas soon enough. They can't charge enough to make it work.You keep looking for the state to regulate "some more" in hopes that it'll help your BF.
But insurers don't want to offer policies in CA until the regs get dialed back.
Without competition, you have what you have.
I pay only $10 more a month to insure a 2021 M2 Competition vs a 2010 Mazda 3.I wouldn't say that is always the case. My 20 Ram costs the same as my 11 Prius to insure. The 07 Accord costs about 20% more than the Ram, and it isn't just the Comp - it is every coverage.
Not the first time that I have seen this.
I used to have that issue as well until I switched to a different insurance agent. It might be completely coincidental though. I've had Erie Insurance before with a different agent and just rate jacked just the same. Different agent, same insurance company, and it hasn't happened yet.Shop around, I found familiarity breeds contempt with insurance companies, shopping can help.