- Thread starter JD2ACWD
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Anonymous-0
Well-known Member
The thing I've always heard is you should change insurance companies every 3 or so years. I did it a cople of years back and am saving money. I would at least get a price and and compare coverage. Good Luck
#1. You are getting older, so the statistics are against you.
#2. The insurance company figures that by the law of averages, you must be getting close to having an accident.
#3. They figure that you are a loyal customer so they are going to stick it to you.
If you have and independent insurance agent that can pick and choose coverage for you, have him (or her) get you prices from other companies. You should be able to save a lot of money by doing this.
#2. The insurance company figures that by the law of averages, you must be getting close to having an accident.
#3. They figure that you are a loyal customer so they are going to stick it to you.
If you have and independent insurance agent that can pick and choose coverage for you, have him (or her) get you prices from other companies. You should be able to save a lot of money by doing this.
Walt Davies
Well-known Member
If you're a Vet then go to this site (USAA.COM) I did and saved a bundle and got more ins.
I was with State Farm for 44 years but they doubled my cost.
Walt
I was with State Farm for 44 years but they doubled my cost.
Walt
Rollie NE PA
Well-known Member
Ask your insurance company for a rewrite of your policy. I did and I saved $900.00 a year. It is the same exact coverage I had with the same company. Not all insurance companies will rewrite a policy, but the ones that do will allow you to rewrite every 3 years. This is not a gimmick. If you do get a rewrite let us know if you saved any money.
retired farmer
Well-known Member
I have been with State Farm for years. Cheapest I have ever found.
If you have an independent agent have him shop for a better deal. If you don't have an independent agent, get one.
I had a very good agent that's now retired. He would call every 3 or so years and say he wanted to move me to another company...at a lower rate.
Also, have your agent look into a home/auto policy. Those can usually save you a few bucks.
I would recommend NOT doing business with State Farm or Geico.
I had a very good agent that's now retired. He would call every 3 or so years and say he wanted to move me to another company...at a lower rate.
Also, have your agent look into a home/auto policy. Those can usually save you a few bucks.
I would recommend NOT doing business with State Farm or Geico.
I got a quote from Geico once from a captian Mike.
He quoted me $5,000 every six months for two cars. I
thought I didn't hear correctly or he made a mistake
so I asked for a repeat. He repeated the quote and
asked to get it started right away. Since he was
$8,000.00 dollars a year higher than I was currently
paying I declined.
He quoted me $5,000 every six months for two cars. I
thought I didn't hear correctly or he made a mistake
so I asked for a repeat. He repeated the quote and
asked to get it started right away. Since he was
$8,000.00 dollars a year higher than I was currently
paying I declined.
Anonymous-0
Well-known Member
i shop for new ins. every year and change about every 2 years. you have to shop around. every year you are with a company your chance of having a accident increases for them so up your rates go just the law of average
john in la
Well-known Member
My insurance went up some last year but I did not even look for a new company.
Reason is I am more worried about how the company will treat me after a accident than I am about saving a few bucks a year.
Reason is I am more worried about how the company will treat me after a accident than I am about saving a few bucks a year.
Yep in the same boat here. But, every 6 months when it renews I call around and surf the net looking for a better price and no one can beat what I have for the coverage I have. Allstate Indemnity (which you can no longer get, but you can keep it under the grandfather clause) is what I"ve had forever.
Ask around about folks with a cheaper policy and then ask if they have had to make a claim. You may be surprised and decide to keep what you have. The wife has wrecked a few cars over the years, and we had some huge hail damage years back on everything....house, cars, RV, boat...you name it. As long as it had full coverage it was covered and the deductible was minimal. They came to me because I had so much stuff within 1 day of the storm. Received 2 checks the following day, 1 for the house and the other for all the rolling stock. Sold a few of the cars, fixed a couple of them and just didn"t bother fixing one. Pocketed the rest. Waited almost a year to have the house repaired since we had no leaks. Once the roofing vultures left town, I got a great deal on a new roof. Also had a new 24 X 24 all aluminum carport installed and still had money left over. We didn"t have a carport before, so this was a bonus! I"ve never had any complaints with Allstate, but I"ve heard a lot of other folks complain.
The old saying of "you get what you pay for" is 100% true in our case.
Ask around about folks with a cheaper policy and then ask if they have had to make a claim. You may be surprised and decide to keep what you have. The wife has wrecked a few cars over the years, and we had some huge hail damage years back on everything....house, cars, RV, boat...you name it. As long as it had full coverage it was covered and the deductible was minimal. They came to me because I had so much stuff within 1 day of the storm. Received 2 checks the following day, 1 for the house and the other for all the rolling stock. Sold a few of the cars, fixed a couple of them and just didn"t bother fixing one. Pocketed the rest. Waited almost a year to have the house repaired since we had no leaks. Once the roofing vultures left town, I got a great deal on a new roof. Also had a new 24 X 24 all aluminum carport installed and still had money left over. We didn"t have a carport before, so this was a bonus! I"ve never had any complaints with Allstate, but I"ve heard a lot of other folks complain.
The old saying of "you get what you pay for" is 100% true in our case.
willie in mn
Well-known Member
Same here. My Dad had State Farm, so when I bought my first car in 58 I went to his agent. Have been there ever since. Have two vehicles, one has a small loan against it so has to have full coverage (bank rule), other has liability, personal injury, etc. No chargeable/preventable accidents lifetime, three tickets lifetime (speed less than 10 mph over limit), last ticket in 1987, under 10,000 miles each vehicle per year, over age 55 refresher school. Over 40 years experience as commercial driver. Total premium right at $400 every six months for the pair, not each.
Willie
Willie
going up here in Oklahoma too. Think about it for a minute though. in 1968, bought a new ford f-150 for $2100 with AC. bought a new ford f-150 in 2009, cost $45,000. in 1969, hit a deer, messed up front end, cost $1150 to fix. in 2011, hit another deer, again front end and left side, air bags did not deploy, cost $11500 to fix. had the airbags deployed, vehicle is totaled and sold as salvage title because safety system has been rebuilt not by factory. I am not saying that rebuilders do not rebuild, and some do a good job, but with a salvage title a customer knows the risk. For the insurance company, if they do not go this route, the liability exposure is tremendous and they have already lost those cases in court. so no chances. all of this adds to cost of insurance
I have my farm, home, and auto insurance with the same company, they discount fairly well because of that. Check with your agent and see if there's a company that can work with you. An agent that covers several companies can do direct comparison of rates. Changing insurance companies is no big deal these days. Used to be different, and company loyalty was a big thing.
I have been with State Farm for about ten years. I am somewhat satisfied. In the last 5 years I have had 3 minor accidents that I couldn't avoid. The police report said it was my fault. The ins co. added surcharge on my bill. I understand that it will remain there even if I sell the vehicle it will be transferred to another vehicle. I think liability ins. should cover my liability. What do you think? Roy
I"m in my early 50"s, I first got car insurance when I was 17. I"ve been with two companies all this time. I had Allstate for the first 10 years, I had a truck catch on fire on Christmas Eve about 250 miles from my home, they couldn"t be bothered to bring up their computer to tell me what rental car coverage I had, actually the guy on the phone kinda sounded mad he had to be there on Christmas eve. Next renewal I went with USAA, I got my 25 year decal from them last year. They"re not the cheapest, they"ll shave a claim just like anyone else (meaning they like to use cheap parts and underpay the body shop, or make it so difficult to get anything added it"s cheaper for them to pay for it out of their pocket) but on the other hand the service is good, they follow me anywhere (even Greece) and they"ll handle situations other companies won"t touch, like both a WI and a Mi proof of insurances for my Daughter"s car, we"re from Wisconsin but she goes to college in Michigan.
The home office might have dropped some of your discounts without your agent being involved.
When you shop around for insurance rates, shop all your insurance as a package: all your vehicles, home, business, health etc., even if you don't have them all with one agency. Get a price for each policy. A group of policies will get your agent's attention and he should dig harder for discounts to keep your business.
When you shop around for insurance rates, shop all your insurance as a package: all your vehicles, home, business, health etc., even if you don't have them all with one agency. Get a price for each policy. A group of policies will get your agent's attention and he should dig harder for discounts to keep your business.
Most of you shoppers should tune in the news about the insurance industry and the aftermath of hurricane Sandy. You are NOT buying insurance because you have to have it. You ARE buying it for when something bad happens. You can get into the "ya get what ya pay for" thing real fast if you are not with a good company. IMO there are more "bad" companies out there than good. "Bad" being slow to pay and fight you every step of the way trying to save a buck. Get online and look up which companies take care of you and which ones are going to mess you over. Believe me, all of the insurance companies know that most folks don't know the insurance laws in all states they do business in. Some take advantage of that ignorance.
Rick
Rick
Stephen Newell
Well-known Member
In texas insurance went up at the first of the year because the government raised the amount of coverate a person had to have.
Progressive. This renewal is 2 years, "customer loyalty discount" dropped my rate 40%.
Had insurance with Nationwide, will never even ask them for a quote again, and told them so.
Also a company out of Maryland, agent didn't write down everything I told him I needed with change of address for his assistant, ended up wanting $600/month because of it. Started getting late payment notices a week after talking to agent, dated day 1, due day 2, postmarked day 3.
Credit score can affect insurance rates as well. Know of a few guys whose rate was going up with no wrecks, tickets, nothing, ever. Turned out his credit score was dropping from non-use, opened a couple hundred dollar credit card and insurance rates went back down.
Had insurance with Nationwide, will never even ask them for a quote again, and told them so.
Also a company out of Maryland, agent didn't write down everything I told him I needed with change of address for his assistant, ended up wanting $600/month because of it. Started getting late payment notices a week after talking to agent, dated day 1, due day 2, postmarked day 3.
Credit score can affect insurance rates as well. Know of a few guys whose rate was going up with no wrecks, tickets, nothing, ever. Turned out his credit score was dropping from non-use, opened a couple hundred dollar credit card and insurance rates went back down.
Janicholson
Well-known Member
This is not a flame. If the liability payments were used to fix someone else's car, property, or personal injury, (three times) the reason they upped your rate is that you are a greater risk than someone that did not have those costs to them. Jim
MarkB_MI
Well-known Member
- Location
- Motown USA
If your rates are going up, shop around. It's been my experience that you need to switch carriers every few years for just this reason.
James Howell
Well-known Member
I've been with USAA since 1973 and have had good service.
you always should get quotes from different companies i do even though i have been with the same 2 companies for years as they are cheaper, but not the cheapest. [ trucks are on 1 company the cars are with another] in all we have 10 vehicles insured, so i get multiple vehicle discounts i dont know why the cars were cheaper on the other policy but they are, mine are both "name brand companies] if you buy from one of the high profile tv type companies, be sure to read your policy, very carefully! some do not cover well or only cover some things under certain conditions, which all means you may be paying out of pocket for repairs/ damage when you thought you were covered
SweetFeet
Well-known Member
Any chance someone in your household turned the magical age of 16 when it doubled last year?
Two years ago, our insurance bill came and it was about doubled. We thought, what the heck?! Read it closely and they had added our 16 year old son as a driver as soon as he turned 16 that fall.
We called them and explained he would not be getting his license until the next spring and would not be driving solo until after licensed. Told them that we would call them and inform them when it that happened. So we saved about 350 bucks for the six months prior to him getting his license.
We are with Progressive and like them (no accidents, no tickets for either of us). Though we do shop around every couple years to make sure they are not getting too pricey.
Do not go with GEICCO... we had them quote us and it was about 300 higher every six months. My husband told the gal that they were way higher than anyone we had checked with. Her reply, was "Well, would you like to sign up today Sir?". He just laughed and said, "Wow, not only are you really high priced...you don't listen either."
Two years ago, our insurance bill came and it was about doubled. We thought, what the heck?! Read it closely and they had added our 16 year old son as a driver as soon as he turned 16 that fall.
We called them and explained he would not be getting his license until the next spring and would not be driving solo until after licensed. Told them that we would call them and inform them when it that happened. So we saved about 350 bucks for the six months prior to him getting his license.
We are with Progressive and like them (no accidents, no tickets for either of us). Though we do shop around every couple years to make sure they are not getting too pricey.
Do not go with GEICCO... we had them quote us and it was about 300 higher every six months. My husband told the gal that they were way higher than anyone we had checked with. Her reply, was "Well, would you like to sign up today Sir?". He just laughed and said, "Wow, not only are you really high priced...you don't listen either."
IlliniJohn
Member
Agree with you and James Howell on USAA - - we have been with them since 1975, and our kids are with them now.
In 1, 2 and 3, you have no idea what you are talking about, but the advice in your final paragraph is right on, assuming you are talking about an independent agent that represents multiple companies.
#1 Stats show as you grow older your loss experience is better.
#2 Your odds of having an accident aren't time related. By your logic the more I play the Lottery the closer I'm getting to winning. No.
#3 Loyal customers usually get discounts, not increases. The biggest cost to the company is the acquisition cost, it's cheaper to keep you than get a new customer.
Rates are based on the loss experience of the group you happen to fall into. As loss costs go up, rates go up.
W_B... 33 years in the insurance business.
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