How much has your auto insurance gone up/down in the last year?

[Jethro_Bob]

Had State Farm for five years. Price went up once for less than a dollar. Currently $73 a month for "full" coverage on one truck.

 

[LazyDog]

I just used an insurance broker if the raise seems to much. I always ask to get quotes from other carriers.

 

[Joel_MD]

I read an article a few months back they’re reliably seeing something like a 40% increase in excess deaths compared to 2014-2019 averages.

Yes, I saw something like that in the 18-60 age group, which is very weird.

 

[Hermann]

As Smokey Robinson and The Miracles say, Shop Around! Who is your Insurance Company, Allstate?

My insurance is with Geico. My premium went from $427 to $574. Checked everywhere and quotes ranged from $496 to $896 for six months. Geico has good rates on add ons. The $496 was for very basic insurance. I have options that add up to about $80. I need to find a insurance broker.

 

[The Critic]

How much of that is life insurance vs. home/auto?

PL is a complete blood bath in certain states right now. Many carriers are stopping new business writings and imposing severe capacity restrictions.

 

[haggler]

Added a car with State Farm, was on my parents address because of the homeowners/business insurance discount. After adding the SS, my insurance rate was something like 2800 for 6 month, which was ridiculous. Had been paying 780 for just the kia. Good driver, no tickets, etc.
Switched to Progressive with better liability coverage but raised the deductible for collision to 2500 on my kia but still 500 on my SS. Around half the 6 month rate compared to State Farm. Geico was similar but less property liability damage coverage.
I've had State Farm since I was driving, and it was almost like they wanted to milk me because of it.

 

[Chris142]

Sure didn't go down. Went up a few bucks

 

[AZjeff]

State Farm about +7% home & auto.

 

[tyman]

Added a car with State Farm, was on my parents address because of the homeowners/business insurance discount. After adding the SS, my insurance rate was something like 2800 for 6 month, which was ridiculous. Had been paying 780 for just the kia. Good driver, no tickets, etc.
Switched to Progressive with better liability coverage but raised the deductible for collision to 2500 on my kia but still 500 on my SS. Around half the 6 month rate compared to State Farm. Geico was similar but less property liability damage coverage.
I've had State Farm since I was driving, and it was almost like they wanted to milk me because of it.

Your collision deductible is $2,500??

 

[haggler]

Your collision deductible is $2,500??

yeah, but we are at fault state. So the way I look at it is if I total the car, I'll take the hit. If its not my fault, I'll get the deductible reimbursed. Car is only worth 15k.

 

[Rmay635703]

How much of that is life insurance vs. home/auto?

Auto insurance has doubled to tripled profits

I read an article a few months back they’re reliably seeing something like a 40% increase in excess deaths compared to 2014-2019 averages.

Excess deaths has been up a lot since March 2020, rural Americans taking the largest hit
it was calming down but now normal flu is moving up

 

[atikovi]

$1950 this March vs. $1990 last year for 2 dealer tags with liability only.

 

[CKN]

How do they do that? State Farm is showing a $8.6 billion loss for January-September of this year.

There are always things in insurance threads that make zero sense.

 

[Thermo1223]

I expected a small increase with my accident but now they are taking to the bank. $2,400 per 6 month policy for 2 cars with over/at home value coverage. I got it down by adjusting deductibles and such from $3,000. It used to be less than $2,000 for the year. Homeowners rose a bit but that is more to the increase in home value than anything IMO.

All Progressive policies with the exception of my Whole Life which is an old policy from Allstate.

 

[stangguy]

I have never had major company insurance on my vehicles or house. I deal with an independent agent who represents multiple companies. They search for the best deals for the needs of different clients. I do use Hagerty for my 2 Mustangs, (65 and 98), and that is really reasonable. Also, I always just carry liability on my vehicles, even brand new ones. I have saved enough over the years to buy a couple new cars by now.

 

[stangguy]

There are always things in insurance threads that make zero sense.

I think that the "loss" is just less profit than they made last year, not loss as we think of it.

 

[Thermo1223]

I have never had major company insurance on my vehicles or house. I deal with an independent agent who represents multiple companies. They search for the best deals for the needs of different clients. I do use Hagerty for my 2 Mustangs, (65 and 98), and that is really reasonable. Also, I always just carry liability on my vehicles, even brand new ones. I have saved enough over the years to buy a couple new cars by now.

Impossible if you finance them but other than that yes you can purchase a new car with cash and not have full coverage on it even though IMO that is insane.

 

[CKN]

I think that the "loss" is just less profit than they made last year, not loss as we think of it.

It's not the loss. It's statements like "they haven't raised my rates in years and the like". Insurance threads are the "Twilight Zone".

 

[stangguy]

Impossible if you finance them but other than that yes you can purchase a new car with cash and not have full coverage on it even though IMO that is insane.

Well I have never financed a car, and as I said I have never had collision insurance. I have always figured that if I had a wreck that was my fault, I should just take the consequences. Had one at fault minor fender bender many years ago with my old work truck. Just pounded it out and drove it that way till it got junked out. Although I have only a couple brand new cars, but several only a year old when bought. My DD today is a 2017 Nissan Frontier crew cab that I bought in 2018.

 

[CKN]

Well I have never financed a car, and as I said I have never had collision insurance. I have always figured that if I had a wreck that was my fault, I should just take the consequences. Had one at fault minor fender bender many years ago with my old work truck. Just pounded it out and drove it that way till it got junked out. Although I have only a couple brand new cars, but several only a year old when bought. My DD today is a 2017 Nissan Frontier crew cab that I bought in 2018.

Unbelievable.........