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      04-14-2024, 04:42 AM   #23
Hapbob
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Wow

I thought It was just me. Insurance is another problem that is degrading the American life style. I am on a fixed income these days and this Insurance thing has me deciding between 3rd fun car and buying food. LOL !
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      04-14-2024, 05:04 AM   #24
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$242 per month, that's for my E30, the B7, and my DD '23 Nissan Frontier. I have coverages and deductibles adjusted based on how much I use each vehicle and my personal level of risk I'm willing to take. I work in the insurance industry, the best advice I can think to give is to constantly shop around and adjust your coverages to suit you. There is no such thing as 'full coverage', it's all about levels of coverage for each coverage type.

I agree with the overall sentiment in this thread; insurance costs for home, auto, anything really, are completely out of control.
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      04-14-2024, 10:35 AM   #25
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My premium was 860 for a 23 IS350 for 6 months. It's now 1k more since adding the CT5BW.

Haven't had a ticket in over 15yrs, and only had someone else hit me at an intersection 3yrs ago (not sure if that faults me and adds to my insurance).

Yeah insurance has gone through the roof for me and I've had the same insurance company (USAA) for the last 25yrs.

I have all my insurance thru USAA. Home, car, fire, flood everything (because Cali).
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      04-14-2024, 01:05 PM   #26
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I have been with USAA for over 32 years and have 3 cars, 2 motorcycles, and 2 homes insured through them. Rates for me in SOCAL in San Diego County have not increased, knock on wood. All vehicles still have full coverage and my 18 M5 purchased new cost me $608 every 6-months.
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      04-15-2024, 04:28 AM   #27
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Het Ins Guy

Quote:
Originally Posted by Chihuahua View Post
$242 per month, that's for my E30, the B7, and my DD '23 Nissan Frontier. I have coverages and deductibles adjusted based on how much I use each vehicle and my personal level of risk I'm willing to take. I work in the insurance industry, the best advice I can think to give is to constantly shop around and adjust your coverages to suit you. There is no such thing as 'full coverage', it's all about levels of coverage for each coverage type.

I agree with the overall sentiment in this thread; insurance costs for home, auto, anything really, are completely out of control.
Could you explain a bit more on what levels of coverage is ? Higher deductible I get. But what else can lower premium ? I am new to Fla and don't know what companies are good here. House insurance in Fla is crazy hurricane inflated!

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      04-15-2024, 05:01 AM   #28
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Quote:
Originally Posted by Hapbob View Post
Could you explain a bit more on what levels of coverage is ? Higher deductible I get. But what else can lower premium ? I am new to Fla and don't know what companies are good here. House insurance in Fla is crazy hurricane inflated!

Hap
First things first, when I lived in FL I insured my house through KIN, they were able to keep the same coverages I had in place but for much, much cheaper. Insuring a home in Florida can definitely be a challenge, but it can be done unless you're somewhere where Citizens is your only option. I was in Pinellas county.

As far as coverages go, let's take something like Property Damage Liability on an auto policy for example. FL state minimum if I remember correctly is 10K. You can take out a policy with PD liability of the state minimum of 10K, or you can have 50K of PD liability coverage, or 100K, you get the idea. Each amount of protection is going to cost you more or less, depending on what you want. And obviously, you're assuming more risk the less coverage you purchase. There quite literally is no such thing as 'full coverage' in an auto insurance context, don't let any agent tell you differently. Sure, you can have a policy with the same types of coverages, but the amount of coverage you have inside of each coverage type is also important. Think of your insurance policy like a buffet line, that's the best analogy I can come up with. Hope that makes sense, if not feel free to PM me. BTW I am not an agent, I work on the claims side of things but I know just enough to be dangerous.

Last edited by Chihuahua; 04-15-2024 at 05:13 AM..
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      04-15-2024, 08:27 AM   #29
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My driving record is clean. Since Covid my insurance with All State have increased from $165 a month to $240 on my 2010 M3.

Car insurance, Home Insurance, and Taxes are up. Everything is up!. Increasing your income is vital to keep up with the hot mess that this country is going through.
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      04-15-2024, 09:33 AM   #30
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We use State Farm. 2 homes, 5 soon to be 6 vehicles, Boat, Two jet ski’s, Jewelry, liability umbrella etc… Two younger drivers. I feel your pain.
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      04-15-2024, 10:41 AM   #31
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Between Insurance and Personal Property Taxes here in Northern Virginia, I am getting my a@@ kicked...
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      04-15-2024, 03:31 PM   #32
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1980/6 months no tickets or accidents
2019 x3m40i not very high coverage either
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      04-15-2024, 04:27 PM   #33
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I pay $480/ 6 month for my M3 and $540/ 6 month for a M50i. This is bundled with an umbrella and homeowners policy through Allstate. I have no clue why the M50i is more than the M3. My auto insurance is cheap but my homeowners is about $6K a year.
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      04-15-2024, 05:02 PM   #34
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Quote:
Originally Posted by mjj View Post
We use State Farm. 2 homes, 5 soon to be 6 vehicles, Boat, Two jet skiís, Jewelry, liability umbrella etcÖ Two younger drivers. I feel your pain.
Dare I ask...
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      04-15-2024, 05:54 PM   #35
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Exclamation regarding liberty mutual car insurance

does anyone opt for liberty mutual car insurance, i'm just checking and landed on this forum , any reviews on this car insurance
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      04-15-2024, 06:48 PM   #36
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Yes mine has more than doubled in just two years without any claims or tickets, same car. Market conditions plus my zip code have changed in that time. $2200/6 mo, used to be $950/6 mo.

I've shopped around and everybody is more expensive for similar coverage.

I'm very lucky I can just pick up some moonlighting to earn more, but it's ridiculous how COL in general has skyrocketed the past few years.
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      04-15-2024, 07:27 PM   #37
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Love the lame excuses when you ask if Gronk or Mahomes is wanting a raise to say the stupid catch phrase. Seriously I don't need a high priced blow hard selling a product I am required to have. Now if I still lived in NH I could be driving around with zero insurance just can't drive out of the state. Was great when I had a plow truck that just went to gas station and back to the property maybe a grocery store but cost zilch.
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      04-15-2024, 08:20 PM   #38
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Quote:
Originally Posted by ipilcher View Post
My 16 year old daughter just got her license on Friday. I'm dreading my call to Progressive on Monday.
Growing up my parents made me pay the additional insurance so that I could drive. I either paid or I did not drive. Sucked but then again, that forced me to have money in the game. Of course I did get in an accident and got a ticket before i turned 18.
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      04-16-2024, 05:10 PM   #39
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$1100 / 6months full coverage 09 e92 m3 NJ - unsafe driving ticket two years ago on my bike.
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      04-16-2024, 09:15 PM   #40
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I was paying $3600/yr for a '23 M5C and a '23 X5. This year it jumped to $7200. FL is getting ridiculous for insurance.
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      04-16-2024, 10:39 PM   #41
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Food, gas, insurance, everything has gone up and someone is saying the economy is doing great? WTF is he smoking.
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      04-16-2024, 11:30 PM   #42
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I got a clean driving record and my rates went up 30% for no reason this year.

Multiple factors are to blame. EV repairs cost a fortune. It doesn't take much damage to total any EV.

You have millions of illegal immigrants entering the US. Let's say we have 10 million illegal immigrants in the US, which I think the estimate is low. Even at 10%, we have 1 million illegal immigrants driving with no license or insurance.
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      04-17-2024, 07:11 AM   #43
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Lots of reasons people spout but one few mention: climate change and its impacts.

People donít want to change their behaviors, industry too. So insurance will skyrocket as insurers look to the future their actuaries see: lots of claims with floods, fires, more severe storms occurring more frequently. Hell, someone mentioned immigration yet migration is an effect of climate change, as arable farmland and water resources shift or shut down.

This is just the beginning. Authoritarianism wonít stop it either. People can rant about the govt being responsible for insurance (yeah right) all they want, but our collective failure to act or make any real change is the root cause. Biden doesnít set insurance rates, not sure why youíre blaming him.

Donít want to pay for insurance? Donít own a car. Pretty simple. Not popular on this board, I know, but itís the truth.

Itís especially rich reading these complaints from folks driving really expensive toys.
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http://www.1addicts.com/forums/showthread.php?t=897862
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      04-17-2024, 08:25 AM   #44
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I was with GEICO for yeeeeeeeeears, until they decided last October to suddenly jack up my premium from $1,100 to $1,500 (6-months, 3 cars, 2 adult drivers). No accidents or tickets. I switched to progressive with all same coverage for $980. Nice bit of savings. Now Progressive hit me with a +$320 increase, so around ~$1,300. I checked to see if I can get a better rate elsewhere, but all others were $$$ higher. GEICO comically quoted me $1,900 to come back. Yeah, no. I'll stick with progressive.
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