Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 09-08-2010, 04:56 PM   #21
Thinks s/he gets paid by the post
happy2bretired's Avatar
 
Join Date: Mar 2007
Location: Nebraska
Posts: 1,543
I'm not too sure where I stand. I no longer have two cars - gave one to my daughter - so insurance went down. However, since I now only have one car to insure and no longer qualify as a multiple car family, it went up. Then again, I'm now considered limited milage user since I don't drive as many miles any longer. Who knows.
happy2bretired is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-08-2010, 05:23 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
Quote:
Originally Posted by FinanceDude View Post
Mine goes up every year, about 5%. However, I have an old policy that gives me 1/2 of the premiums I paid five years ago if I don't file a collision claim. I get a check every April, and the last one was $780.
Sentry? I LOVED that policy when we were in IN. When we moved to MD, they did not have that feature. Only downside was we had a $1k fender bender and I paid out of pocket to preserve the rebate (unintended consequences). I don't recall any regular increases....certainly not anywhere near 5%/yr
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 09-08-2010, 06:23 PM   #23
Dryer sheet aficionado
 
Join Date: Jun 2008
Posts: 48
I dropped Liberty Mutual this spring after another predictable annual increase. Surprisingly, I was told by them that I could ask for a "requote", which I promptly did. The requote (same coverage) was several hundred dollars less. So for years I never thought to ask for a requote and was just resigned to the increases. Apparently, this is a common practice in the industry (or so I was told) and the insurance companies don't expect customers to make this simple request. But, then again, why should you have to? I moved my business from Liberty Mutual after 30 years of loyalty. If you haven't already, I would encourage everyone to annually request a requote and don't be shocked if you find that your premium is lowered.
Hershey102 is offline   Reply With Quote
Old 09-09-2010, 07:44 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,256
This may be of interest:

How Much Is Car Insurance In Your State?

Quote:
It’s easy to feel ripped off when it comes to car insurance. Different rates in different states just doesn’t seem like a credible business model to most consumers, but each state has its own laws and its own insurance commission.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 09-09-2010, 09:24 AM   #25
Thinks s/he gets paid by the post
 
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
Holding steady at $425 a year here in MO 15 year old car.
FANOFJESUS is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance Auto Premium Loan Provision stephenson Health and Early Retirement 2 02-06-2010 01:27 PM
Health insurance premium increase Zoocat Health and Early Retirement 12 08-09-2009 07:26 AM
NJ: Health insurance premium up by 15% walkinwood Health and Early Retirement 0 04-02-2009 02:56 PM
20% insurance premium increase teejayevans Health and Early Retirement 43 01-25-2009 11:01 AM
Single Premium LTC Insurance? OhSoClose Health and Early Retirement 3 06-04-2008 08:21 PM

» Quick Links

 
All times are GMT -6. The time now is 02:52 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.