Auto insurance are we getting hosed?

  • Reef W
    Posts: 2830
    #2304792

    I would say I’ve never had a big jump with Progressive but they seem to be jacking rates in 2025.

    For reference my 6 month premiums for 2 cars starting in January 2019 were:

    594
    596
    599
    597
    590
    602
    835.50 (3 cars)
    769.50
    771.50
    502 (back to 2 cars)
    532
    573

    I just switch 2013 truck for 2025 truck and my policy adjusted to $735 for the remainder of the term. That seemed reasonable, I guess, since old truck was worth nothing and this is brand new. Now the renewal in January says it’s going to be $1097 which is ~50% ??? ???

    Googled a bit and found this from August of this year: Insurify predicts California, Missouri, and Minnesota could see car insurance costs increase by more than 50% in 2024. Damage from severe storms and wildfires contributes to rising rates in the states.

    https://insurify.com/car-insurance/report/

    Need to check around a bit and see if everybody is expensive now or what the deal is. Only did a Geico quote and it was $920 which isn’t as bad but still sucks.

    mxskeeter
    SW Wisconsin
    Posts: 3944
    #2304827

    If you qualify, can’t say enough good things about USAA. Going through an auto claim now and they’ve made it as simple as could be. Online claim filing, picture upload and follow up with an adjuster was painless. Scheduled within 4 days for an estimate and can leave the vehicle with the shop doing the estimate for the repairs. Rental car will be dropped off at the body shop while I am there, will be picked up from the body shop when I get my vehicle back. Rates are better than State Farm (our previous insurer) and service is great.

    Keep an I on your rates. Class action lawsuit against them and Feds fining them 85 million right now for noncompliance issues. I think they had a data breach also.

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