Insurance: What the Fr*ck!

[Donovan]

Interesting.... good to know.

I guess I'll keep my insurance at my parents address then. Sshh..

 

[shigman]

Yeah I wish i had my insurance at my parents location. 13 miles down the road and a whole different pricing situation.

 

[TomDirt]

I'm going Scorched Earth on my finances to payoff my mortgage in 2024. Registered my Gen 1 on inop status and dropped insurance on it so I've got my 2012 3.5 ecoboost as a DD right now. $567/6mo with full coverage and reasonable deductible. 64yo, clean record, retired status, in a rural CA Hi Dez zip code. The insurer is Eagle West Insurance, broker is Capitol Insurance Group.

 

[ToadSmasher2K1]

As mentioned zip code is king. I moved from Columbus OH (one of the lowest cost auto insurance states) to St Louis (one of the highest) and my insurance went from $92/mo to $258. No changes in coverage, driving history, etc.

I thought they were fuching with me so I called 3-4 other carriers, they were even worse.

 

[CruiserClass]

30% increase from Geico for me at the next renewal. PITA that it is, time to get quotes again.

 

[New recaros]

Go to an independent broker. They run rates for many companies

 

[EricM]

$1250 to $1475 increase this time.

 

[isis]

Pretty sure I pay like 150/ a month for three cars including my Raptor all with collision and two motorcycles w/o collision. My wife’s 10-yr old MDX costs almost as much as my 5 yr old Raptor and my 05 CTSV costs around what the motorcycles add lol.

 

[ToadSmasher2K1]

Insurance and fractional reserve banking, also know as legal Ponzi schemes

 

[Rick at FMS]

Interesting to see others are seeing ridiculous price increases for insurance. So it does seem to be wide spread.

We have been with Allstate since 1980, yep over 40 years. In the last two years our insurance went up nearly 73% on my GT500 and about 58% on my wife Lincoln. My raptor went up too but it’s on a commercial policy. Home too. Agent said everyone has raised rates.

Bumped up my deductibles to $2k on the autos and $5k on the home along with other adjustments to get the price within reason. We have a million umbrella policy so our first policies have to meet a higher coverage before the umbrella can be added. The umbrella cost went up too.
I called around to see if my agent was right about everyone raising rates and used a broker to compare things as close as possible. State Farm was less but not enough to switch, so staying with Allstate.
I already had some incidents with my raptor where I have paid over $5k out of my pocket so I didn’t have to file a claim. I would raise my deductible on my automobiles if they had a higher limit than $2k. No liens on the autos including the house. Have no debt, learned to hate debt. Ramsey would be proud,