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Started By
Message
re: Car insurance doubled
Posted on 7/10/23 at 9:17 am to davidsheroes
Posted on 7/10/23 at 9:17 am to davidsheroes
It's ridiculous. What's the point of even carrying collision if they're going to just jack your rates up until they recapture the outlay beyond the deductible. It's basically just a form of financing the repair costs.
1
Posted on 7/10/23 at 9:34 am to AUFANATL
quote:Well you don't really have a choice on whether or not to carry collision coverage if you're financing or leasing.
It's ridiculous. What's the point of even carrying collision if they're going to just jack your rates up until they recapture the outlay beyond the deductible. It's basically just a form of financing the repair costs.
But if you're making a claim against your collision coverage, most of the time its involving an accident with another vehicle that you were at-fault for. So you're going to get surcharged for the accident anyway when the other driver makes a claim against your policy. Your rates are going up already at that point, so you might as well get your insurance to pay for your vehicle repairs too.
It would be different if it was a minor single vehicle accident like you backing into a mailbox or something. Then you should really weigh whether the amount of damage is worth a 50% or more rate increase for a few years vs paying out of pocket without ever involving your insurance.
Posted on 7/10/23 at 9:39 am to davidsheroes
Take total payout from insurance from accident, divide by either 24 or 36 (months - cant remember which). Add this amount to your premium.
Thats how it works. Its bullshite.
Thats how it works. Its bullshite.
Posted on 7/10/23 at 9:39 am to davidsheroes
I wish someone would start a new car line that has the very minimal technology. No bumper sensors, no windshield sensors, and all that crap that causes minor repairs to cost thousands which then causes insurance to skyrocket.
Posted on 7/10/23 at 9:41 am to Tigers2010a
quote:
Same here. My insurer saed state had handed over a big rate hike.
The insurance company has to ask for the rate hike. The state didn't just hand them free money.
Posted on 7/10/23 at 9:50 am to davidsheroes
The goal is to get you to take the bus.
Posted on 7/10/23 at 9:50 am to greenbean
quote:
Go with USAA.
They are really good but also increase their costs with claims.
Posted on 7/10/23 at 10:22 am to davidsheroes
quote:
My car insurance doubled after 1 claim less than 4000 dollars to repair my own bumper with camera. Does that seem right? What are good choices of car insurance? I presently have National General.
This squeeze will continue.
They arent done separating rich and poor yet. We are too concerned with Pride people and Ukraine to even sit here in awe as the gradual separation continues.
Posted on 7/10/23 at 10:25 am to greenbean
quote:
Go with USAA.
Not just anyone can go with USAA.
Posted on 7/10/23 at 10:27 am to sidewalkside
Insurance Companies are 100% full of shite as are the plaintiff lawyers.
This entire system is converting to government run corporate at 3 - 10xs recent rates. The goal is to completely eliminate the middle class and convert ALL private assets to control by corrupt Marxists.
The transition is in Stage 4 of 5 with the final implementation on target to commence in 2025.
And nobody is going to do jack shite to even slow it down, let alone stop it.
This entire system is converting to government run corporate at 3 - 10xs recent rates. The goal is to completely eliminate the middle class and convert ALL private assets to control by corrupt Marxists.
The transition is in Stage 4 of 5 with the final implementation on target to commence in 2025.
And nobody is going to do jack shite to even slow it down, let alone stop it.
Posted on 7/10/23 at 10:33 am to davidsheroes
You probably lost your good driver discount and the insurance also increased because of the accident itself (increased risk). Add into that the yearly rate increase and that probably accounts for your doubling.
Posted on 7/10/23 at 10:34 am to davidsheroes
I'm in surplus lines insurance and it's a mess right now as well.
Some of our account premiums have doubled in the past three years, and that's with us putting together good programs and netting down commission.
And don't even mention Louisiana risks, we really are the laughing stock of the insurance industry.
Some of our account premiums have doubled in the past three years, and that's with us putting together good programs and netting down commission.
And don't even mention Louisiana risks, we really are the laughing stock of the insurance industry.
Posted on 7/10/23 at 11:30 am to davidsheroes
My car insurance with State Farm has steadily gone up over 5 years on two cars. The last increase wasn’t gradual. It was a massive jump. Told the wife to start shopping them. $440 for two cars both owned outright is outrageous.
Especially with no claims or marks on driving records
Especially with no claims or marks on driving records
Posted on 7/10/23 at 11:34 am to Geauxld Finger
quote:
both owned outright
thanks for giving us irrelevant information about your car insurance.
Posted on 7/10/23 at 11:34 am to El Magnifico
quote:
Mine doubled after one claim as well
Same here. $2800 claim frick PROGRESSIVE
ETA: piss on Jim Donelon, Insurance Commissioner for allowing it
This post was edited on 7/10/23 at 11:38 am
Posted on 7/10/23 at 11:36 am to davidsheroes
Started off paying $230 for 2 cars with state farm.
A year later those frickers were charging me $300. No accidents, both drive Yota’s, clean driving records
Switched to Geico last month, it was $160 for 2
A year later those frickers were charging me $300. No accidents, both drive Yota’s, clean driving records
Switched to Geico last month, it was $160 for 2
Posted on 7/10/23 at 11:42 am to davidsheroes
We haven't had a claim since the 2016 flood (I lost my vehicle to it) but ours recently jumped $60/month. I've been with Progressive for over a decade so having them re-write my policy would erase all my other discounts (multi-car, homeowners, etc). 
This post was edited on 7/10/23 at 11:44 am
Posted on 7/10/23 at 11:47 am to davidsheroes
My insurance doubled when I moved in and has gone up again since. Seems like there’s so many ambulance chasers here, probably has a lot to do with. And the grand theft auto.
Posted on 7/10/23 at 12:00 pm to Old Hellen Yeller
State Farm had a 18% rate increase go into effect in june.
For all those shopping the other companies in the state have filed for at 18% of more. So if you switch its going up.
For all those shopping the other companies in the state have filed for at 18% of more. So if you switch its going up.
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