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Old 06-18-2023, 10:58 AM   #61
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Originally Posted by Pointby2 View Post
Our insurance went up again this year. This time because we were getting older. Sigh.
Still only $49.98 a month per car though since we drive limited miles.



It's actually gone down since 2017 and we're in SoCal. We are with Mercury.
We have Mercury also for auto. We have our truck as garaged in San Diego. Just received our renewal notice and it actually decreased this year by $546, or by 37.5%. We carry high limits since we have umbrella also. I was very surprised by the decrease since they use actual mileage. We drove 19k miles last year, compared to the year before of 11k.

But we won't be renewing with them since we are officially relocating across country (again). I hope our insurance for our new state will be just as low.
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Old 06-18-2023, 11:01 AM   #62
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CNBC has a story about car insurance premiums being among the service most affected by inflation.

Quote:

- The auto insurance inflation rate is up 17% in the past year, according to the May consumer price index.

- Meanwhile, the average price for new vehicles has been declining. Pricing in the used vehicle market is poised to soon do the same, economists said.

- Auto insurers have raised premiums amid a higher frequency of crashes and repair costs during the pandemic era.

- Auto insurance premiums have been among the fastest-rising prices for consumers over the past year, according to federal data a dynamic that might seem at odds with car prices, which are broadly trending lower.

So, what's going on?

In short: Auto insurance prices generally track those in the car market but do so with a lag, economists explain. Insurance costs have jumped following record-high car prices during the pandemic era, and are likewise expected to fall in coming months.
Read in CNBC: https://apple.news/AmLFzPZlOQFWxwswW_s3eMA


I usually pay car insurance premiums for the whole year.

Do people usually see month to month premium fluctuations?
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Old 06-18-2023, 03:18 PM   #63
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My USAA premium for 2 cars (2011 Buick Regal and 2015 Volvo XC-70) went from $16xx to $18xx for 12 months in MA. I dropped the collision on the Buick and that kept it about the same as last year. Senior drivers, low annual mileage.
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Old 06-19-2023, 08:10 PM   #64
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Liability has always been a flat premium across all my vehicles.

Now with the latest policy (added a vehicle) I get charged for liability premium based on the individual vehicle's value, which makes no sense.
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