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09-08-2010, 04:56 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Location: Nebraska
Posts: 1,543
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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.
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09-08-2010, 05:23 PM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by FinanceDude
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.
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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.
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09-08-2010, 06:23 PM
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#23
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 48
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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.
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09-09-2010, 07:44 AM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,256
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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.
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__________________
"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
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09-09-2010, 09:24 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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Holding steady at $425 a year here in MO 15 year old car.
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