Got State Farm, auto policy premium has doubled in last 2 years. No accidents or tickets, is this normal.
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Got State Farm, auto policy premium has doubled in last 2 years. No accidents or tickets, is this normal.
It is with State Farm. I had them for over 20 years and the same thing happened, not double but it went up each year. I now have everything bundled with Auto Owners through an independent agent and have a slight decrease in Auto rate each year.Quote:
Originally Posted by electritek
All insurance companies seem to be on a war path with price increases now. If yours hasn’t gone up yet, it will. Some are refusing to write policies in Texas now, due to all the hail storms and natural disasters that we’ve had. I can help them save money, stop the stupid advertisements on TV, that would help their profit margins immensely.
shop around lots of other places and prices out there
Yup, that’s what I would suggest as well.Quote:
Originally Posted by mactlman
Yes shop around, but i'm doing homeowners now and its has gone up too.
weird since both we (my wife and I) and my parents have State Farm for everything. We’ve had one increase in the past 6 years and it only raised my rate $100 a year. My parents have had 2 increases and that’s because they’ve had 3 accidents in the past 5 years.Quote:
Originally Posted by Bill Reynolds
when state farm raised our rates this year, they gave us plenty of notice and even offered to help me sign up for defensive driving class which would offset the increase.
We pay roughly $250 a month for 2 vehicles (14 Durango, 19 Forester) with best coverage they offer, house, umbrella, boat/trailer with 300k liability, and a pop up camper.
I have had nothing but great experiences with State Farm. If there was ever a question I called the local office and spoke to them personally, can’t say the same for other insurance companies.
I just switched from State Farm because of the huge rate increases. Saved over $150 a month switching to Travelers...
Know someone who has a different insurance company every year, the lowest quote gets his business, he told me his only loyalty is to himself !
Quote:
Originally Posted by FrancoCialone
Smart guy. I do the same. This year auto only went up 150 every 6 months, im ok with that. homeowners tried to go up over 1k, I started shopping.
Usually if you bundle all your different insurances to the same company, you get a better dealQuote:
Originally Posted by BMCD
I have State Farm and I'm well pleased with them. I've never had a claim though. My insurance went up 21 dollars this year. First increase in two years.
I have found that to be untrue in almost all cases. U might get a good deal on one side, the other side is not that good.Quote:
Originally Posted by mactlman
Believe me I have tried, i always shop insurance. t
we bundled everything at USAA but the boat and saved a lot last year. they don't do boatsQuote:
Originally Posted by BMCD
US Auto losses have been brutal - liability claims through the roof, cost of repairs through the roof. You're not being gouged... But, I would still shop around with all of the reputable carriers in your area for the best coverage / cost.
so far so good with State Farm no increase in rates (not yet) been with them for 6 years.
I've been with state farm for almost 40 years. bundled coverage, home (340K) two vehicles, motorcycle and boat, full coverage on all with 300K liability. Filed a claim last year for hail damage on roof. No hesitation on their part to approve full replacement. In the past year I've had an increase of maybe $5.00 a month on my premium. Still well under $400 a month.
I recently changed my multiple vehicles from Geico to Mercury and saved quite a bit. After many years and for no reason Geico tried to increased my premiums drastically and I switched!
The problem with changing to some of these smaller carriers us when it comes claims time. You might suddenly realize why their rates sounded almost too good to be true.
We use USAA for auto and homeowners. We have had one homeowner claim(water damage) in 28 years and only windshield breakage for auto claims. We drive high mileage cars.....a 2005 Lexus GX 470, a 2012 Tundra, and a 2013 Lexus GS350. We do have full coverage with a $500 deductible on collision and a $100 on comprehensive. $900 every six months. I am going to shop everything in the next few weeks. I have no loyalty and just want to save money.
Update…. Agent shopped mine and could not find any better rates…. 3 cars for 3k every six months. Ouch. No claims.
All insurances have increased over the past year. Friggin sucks.
I work in the industry, there IS a reason, prices on parts and labor for repairs have gone up significantly. Also, the price of vehicles has increased, even used ones. They are just trying to cover themselves by increasing costs to reduce liability. I know my annual bonus got reduced almost 10% last year because of all the extra payouts from storms and increases in everything hit the bottom line hard.
My auto insurance went up big time, but I did add a 16-year-old driver to my policy along with the 17-year-old I already had listed. Freaking kids are NOT cheap!
I've got State Farm. Had it since Sept 2020. They're been great to work with, lowest rates (I shop around annually), and haven't had any noticeable rate increases. *knock on wood*
I had esurance for years and it had almost doubled over the last 3 years. Switched to progressive and cut it almost in half.
A good friend is an insurance agent, his suggestion is to change auto or home insurance every few years. Your rate will keep increasing because the majority of people will complain, but still pay it. This more than makes up from customers switching. When mine starts going up. I start shopping and not with the same broker either. I've actually gone back to companies I have left in the past, and got a better rate than I had from them when I left. It's a necessary evil but also a rigged game much like health care or gasoline. The funny thing is, I left State Farm years ago because my homeowners and auto insurance went up like crazy, but I've kept my boatowners with them for several decades, best rate I have found.
IMO, here in Texas the number or claims has gone up. I know this just from my co-worker filing.
But people either can't drive or don't care about damaging their property or others property.
oouch, I'm half that on 3 cars with progressive. 2 fullly insured, one liability only. 21 F250 and a 19 Blazer. No claims. Just renewed in May this year.Quote:
Originally Posted by MengRanger
Common practice for insurance carriers to raise rates, can't tell you how many times i have been told that is the best they can do, only to find out many can do better.