Spiralling auto insurance

[uksho]

If you pay cash for cars like every white coat should, then shouldn't you be able to cash flow any car repair?

It’s just not repair, worse things can happen

[zlandar]

I'm paying $1600/year to Amica for a minivan and crossover ~3-6 years old. $250k/$500k liability/bodily injury and comprehensive with $2500 deductible. Also $100k/$300 uninsured motor. Live in metro ATL.

[PWMDMD]

Nope...my auto insurance in MA has been amazingly stable for the past 10 years. There's been some creep but not much. Every 3 years I look around to compare prices. I have no loyalty to an insurance company but USAA has been the lowest for the past 10 years too.

[Kamban]

Nope...my auto insurance in MA has been amazingly stable for the past 10 years. There's been some creep but not much. Every 3 years I look around to compare prices. I have no loyalty to an insurance company but USAA has been the lowest for the past 10 years too.

I don't qualify for USAA. All others are very high.

[HikingDO]

6K per year with 4 vehicles and 4 drivers, 1K deductible. Having two kids covered under your auto insurance isn’t fun.

[legobikes]

I pay ~1200/year for liability, collision/comprehensive w 1k deductibles on 2 cars, 2004 and 2013. Also pay 220/year for two motorcycles.

Think I might go up on the deductible.

[Nysoz]

Have you tried other insurance companies? If you have teslas, Tesla insurance?

[Tim]

Insurance is a “people” business. Costs have gone up.
Autos are a “product” business. Costs have gone up.
Cost increase + margin %= Price increase
This is lost in the discussions of inflation. The end user will pay for inflation at a higher rate than costs increase.
Until they can’t afford it, and then they do without. Surprise, surprise, surprise.
Consumer needs to be “more efficient”(sarcastic)
Fewer cars and fewer drivers!

[ACN]

Our insurnace jumped from $600/yr for two 2018 cars to over $2k when we moved to a worse state for car insurance

[treesrock]

Seems like its probably state dependent. We've been in the same state for years and haven't noticed much in terms of price increases. Two crossovers, less than 5 years old, $1200 a year. No teenage drivers.

[DynamicHipScrew]

Just got an email from Geico yesterday about my upcoming premium. Will be going up $350/year from last year. No changes, no accidents, no claims. On the phone they said it was due to inflation. We bundle home, auto, umbrella with them. We're moving states for fellowship in a couple of months so we went ahead and asked for a quote at our new address. Our premium will double what it was last year.

[Kamban]

Have you tried other insurance companies? If you have teslas, Tesla insurance?

I have a Model Y but I don't think there is Tesla insurance here in SC. Also, I am not sure if they cover other gasoline engine cars like a 2017 MDX and a old junker of a 2007 hybrid we keep just for emergency purposes.

[Kamban]

The trick is not to wreck into anybody and also, don't let anyone else wreck into you.

I have tried my best to practice this but one cannot help but hit someone when they suddenly pull up in front of you. The police placed the fault on the other person and their USAA insurance paid fully and my insurance did not pay a penny but I still had to report it to them so that in the future should something go wrong I am not left holding the bag.

[Lithium]

Just got an email from Geico yesterday about my upcoming premium. Will be going up $350/year from last year. No changes, no accidents, no claims. On the phone they said it was due to inflation. We bundle home, auto, umbrella with them. We're moving states for fellowship in a couple of months so we went ahead and asked for a quote at our new address. Our premium will double what it was last year.

My umbrella insurance with Geico doubled, which led me to switch carriers. Got a 20% discount for paying in full.

[Sigrid]

We pay about $1k per vehicle per year, although we live in Michigan, notoriously the worst state for auto insurance. Will be interested to see how it changes when we move to Rhode Island this summer.