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Old 09-08-2010, 04:56 PM   #21
Thinks s/he gets paid by the post
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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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Old 09-08-2010, 05:23 PM   #22
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
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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.
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Old 09-08-2010, 06:23 PM   #23
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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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Old 09-09-2010, 07:44 AM   #24
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This may be of interest:

How Much Is Car Insurance In Your State?

Itís easy to feel ripped off when it comes to car insurance. Different rates in different states just doesnít 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
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Old 09-09-2010, 09:24 AM   #25
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Holding steady at $425 a year here in MO 15 year old car.

Proverbs 15:22 Designs are brought to nothing where there is no counsel: but where there are many counsellors, they are established.
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