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

[Hermann]

Howdy all, mine went up 35% since June.

 

[tyman]

Going down 17% since we're switching to American Family next week.

 

[Bud]

It is at the point you have to shop around every year. I have a independent agent who does this for auto and home.

 

[Brian123]

Howdy all, mine went up 35% since June.

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

 

[NRMedic]

Had Farm Bureau for years. One little boo boo on my part and they increased me 40%. Swapped to Progressive as it was much cheaper. Well even with the SDIP points, they went up about 25% this year. As a former P&C insurance agent, I don't need an agent, I know what I'm doing and need. Swapped to super cheap National General. Its like stupid cheap but lots of bad, uneducated reviews...

 

[demarpaint]

Familiarity breeds contempt with insurance companies, I shop around to keep them honest.

 

[Joel_MD]

I'm a Farmers Insurance agent in North Texas. This year has been really frustrating for all involved. Our average auto renewal is seeing a 30% increase. Homeowners policies are seeing similar increases.

Farmers has been trying to stay ahead of the crazy inflation by increasing premiums. Recently I've seen in the news that Allstate and State Farm have experienced billions in losses in the last quarter, so they are going to have to increase their rates big-time.

 

[Tdbo]

Mine has been the same since I bought the Pilot in 2020.

 

[dan_erickson]

I'm a Farmers Insurance agent in North Texas. This year has been really frustrating for all involved. Our average auto renewal is seeing a 30% increase. Homeowners policies are seeing similar increases.

Farmers has been trying to stay ahead of the crazy inflation by increasing premiums. Recently I've seen in the news that Allstate and State Farm have experienced billions in losses in the last quarter, so they are going to have to increase their rates big-time.

But yet they still make money even with “billions in losses.”

 

[Shel_B]

Mine went up about $36.00 because I added road service to the policy, otherwise it's been the same for about two years.

 

[Rmay635703]

Doubled

 

[Joel_MD]

But yet they still make money even with “billions in losses.”

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

 

[Oily_Thing]

USAA up 40%. :-(

 

[Lubener]

Increased about 5%.

 

[SubieRubyRoo]

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

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

 

[Joel_MD]

USAA up 40%. :-(

I had USAA auto insurance back in the 90s. Their premiums used to be unbeatable, but not anymore.

 

[THORROMIG]

When my homeowners is up for renewal in April 2023 -- going to see what my job -- Case New Holland has to offer for a bundle. They have a discount through the company for Farmers insurance. Have to check it out and see if its worth it.

 

[Joel_MD]

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

I don't know. Normally I would say all of it would be due to their property & casualty lines, because loss rates in life insurance don't tend to change much over time. However, all of this "died suddenly" craziness must be changing that too.

 

[RamFan]

No change since last year. But I did just update to reflect my new address come January and it's increasing by $109/mo. How the Austin suburbs are more expensive than the Chicago suburbs, I do not know, but here we are...

 

[SubieRubyRoo]

I don't know. Normally I would say all of it would be due to their property & casualty lines, because loss rates in life insurance don't tend to change much over time. However, all of this "died suddenly" craziness must be changing that too.

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.