General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA question that is not political, but has anyone's auto insurance gone up drastically?
I had switched to a new insurance company last October! I got a good rate for 2 vehicles and was paying about $150.00 each month for six months. I get an email stating that they going withdrawal $175.00 out of checking on the sixth of May. I havent been home to see the renewal yet, but that is an increase of $170.00 every six months! That is steeper than I have ever seen! I havent had any claims nor anything put on my or mothers driving records. Just wonder If anyone knows whats going on?
bullimiami
(13,101 posts)imanamerican63
(13,808 posts)I guess I will be calling them tomorrow for sure now! Thanks
imanamerican63
(13,808 posts)I had Nationwide prior to Progressive!
dansolo
(5,376 posts)Our rates got increased dramatically two years in a row, and unlike other companies, they aren't reducing the premiums. They also got rid of all their local agents.
Proud liberal 80
(4,167 posts)With USAA
MANative
(4,112 posts)And got an email from the CEO a couple of days ago that there would be another cut/rebate later this month.
Chainfire
(17,587 posts)Marrah_Goodman
(1,586 posts)My son and my bf have it.
LuckyCharms
(17,454 posts)I believe this is generally due to fewer claims processed during the Covid-19 pandemic because fewer people are driving and therefore, the companies are more profitable as a direct result of this.
My insurance company has announced a 15 % rebate to auto policy holders on two months of premiums.
I would call your company to question the increase.
imanamerican63
(13,808 posts)Totally Tunsie
(10,885 posts)They sent a letter stating the reduction for April and May premiums, but didn't say how they'll reimburse those who pay all upfront, rather than monthly. I'm waiting to see if they refund my credit card or if they carry it forth to the next renewal. When you think of it, however, it's really not all that much $$$ coming back, maybe $35 in my case (at $1,400/yr.) Nice gesture, though.
LuckyCharms
(17,454 posts)separate cover. I agree with you, mine won't be much either, but the gesture is a good one.
rzemanfl
(29,566 posts)mbusby
(823 posts)...dropped a few on ours.
Wawannabe
(5,674 posts)When I renew. But I will be shopping around anyway because it will be a whole new ballgame after this.
I would def. call them.
imanamerican63
(13,808 posts)slingsam
(370 posts)Wawannabe
(5,674 posts)They will have to refund. Right now it is a credit to my renewal... they can call it what they want but in the end if I move my business it will be a refund.
Maeve
(42,287 posts)Is age a factor?
imanamerican63
(13,808 posts)My mother will 83, and she only drives when she needs to do errands.
Maeve
(42,287 posts)One of the reasons we were able to convince her to sell the car. (She's 89 and really did NOT need to be behind the wheel)
imanamerican63
(13,808 posts)I have 2 sisters that still live in Omaha, but one doesnt drive anymore and the other is busy taking care of her family. My mom is quite still able to get around and knows when not go out, then youngest sister get my mom to where she needs go.
virgogal
(10,178 posts)only use the car for local errands...no highway or night driving.
imanamerican63
(13,808 posts)Maeve
(42,287 posts)Just noting that insurance companies sometimes crank up the cost as people age.
imanamerican63
(13,808 posts)obamanut2012
(26,094 posts)There is zero way your insurance went up unless you did something. The $170 is probably the "down payment" on your next six months/year/whatever yours is set to. They always take two months out for me, because I pay six months in four payments.
doc03
(35,361 posts)and my rates doubled. I am looking for a new insurance carrier this year.
demigoddess
(6,644 posts)tavernier
(12,396 posts)McCamy Taylor
(19,240 posts)Maybe it was a "bait and switch" and you need to get new insurance.
imanamerican63
(13,808 posts)sinkingfeeling
(51,469 posts)second for lower mileage.
Amishman
(5,559 posts)Geography is a major factor in how rates are calculated. Our insurance is cheap, $110 / mo for two cars and near max coverage and a 500/100 coverage. We also live in a rural area with a low rate of accidents.
Marrah_Goodman
(1,586 posts)Bernardo de La Paz
(49,029 posts)sarisataka
(18,733 posts)Could be age related, rates go up after you turn 55. Also could be a general rate increase in your area. They may have given an introductory rate that has expired. Nearly every state allows your credit rating to be considered and that can have a surprisingly large effect on your auto insurance
mantis49
(815 posts)Farmers Insurance. Due to less driving overall.
April discount 25%
May discount 15%
ananda
(28,873 posts)In fact, my insurer is sending me a 20% refund
because of the virus. It's coming at the end
of this month.