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re: Insurance rate increases
Posted on 6/20/23 at 7:22 pm to charminultra
Posted on 6/20/23 at 7:22 pm to charminultra
I'm with Geico and they were inching up every year until I had enough. I got some quotes and called Geico. They were so full of shite telling me that "Oh we just got an okay to lower rates on our loyal customers" line. They lowered my rates to lowest quote. I had to say it.. "You got the okay to lower rates but you raised mine"... The woman didn't know what to say..
Homeowners, Flood and Property Tax all went up.. So much that my escrow was in such a deficit that I decided to cut them a check to lower the monthly note. I know that it sounds crazy but that was my decision...
Homeowners, Flood and Property Tax all went up.. So much that my escrow was in such a deficit that I decided to cut them a check to lower the monthly note. I know that it sounds crazy but that was my decision...
1
Posted on 6/20/23 at 7:23 pm to charminultra
One would think that the long time insurance commissioner would have enough clout to lobby senators and representatives into passing legislation that would lower our auto insurance.
Maybe I don't know how it works but that's how I see it.
According to this website, "There are a few reasons why Louisiana car insurance may be relatively high compared to the national average. Certain factors in Louisiana can make your auto insurance more expensive, including the state's theft rates and population density."
We are the number 3 most expensive state.
Maybe I don't know how it works but that's how I see it.
According to this website, "There are a few reasons why Louisiana car insurance may be relatively high compared to the national average. Certain factors in Louisiana can make your auto insurance more expensive, including the state's theft rates and population density."
We are the number 3 most expensive state.
Posted on 6/20/23 at 7:56 pm to charminultra
Initially, yes but shopped our policies and not now
Posted on 6/20/23 at 8:02 pm to Athis
quote:
They lowered my rates to lowest quote.
Don’t tell people that here, some said that it’s impossible and carriers won’t do that
Posted on 6/20/23 at 8:05 pm to BamaCoaster
quote:
What’s that saying about Better to hold your tongue rather than let ppl know you’re ignorant?
Go look at the reply on the next page. It’s literally exactly what I said. For renewal increases they absolutely can find you “discounts” to get your auto insurance closer to another carrier’s quote.
Posted on 6/20/23 at 8:08 pm to BigBinBR
quote:
Go look at the reply on the next page. It’s literally exactly what I said. For renewal increases they absolutely can find you “discounts” to get your auto insurance closer to another carrier’s quote.
So, are these “discounts” a secret? Why weren’t they offered all along?
Posted on 6/20/23 at 8:18 pm to lsudat10
quote:
So, are these “discounts” a secret? Why weren’t they offered all along?
They aren’t a secret per se, but carriers put much more money in to customer acquisition than they do into retention. They rely on people being loyal or lazy and just accepting that rates are going to go up. When you call them and provide actual quotes they mysteriously find discounts that they can apply or they re-rate you.
The only one that normally doesn’t re-rate you for a lower amount is USAA. Pretty much all the other major carriers will see what they can do to adjust your rate. They may not match, but they can normally work it up to where it’s within a few dollars.
***Just a note, this info for auto insurance, homeowners and commercial policies have a lot less leeway.
Posted on 6/20/23 at 8:44 pm to JackaReaux
quote:
Just switched from Geico to progressive. Saving 150 a month. 2 cars.
I did that too. At your next renewal it'll go up $75-$80, so you'll still be saving, just not as much.
Posted on 6/20/23 at 9:34 pm to charminultra
quote:
Just saw my car insurance has gone up $100 since may 2022.
If we're talking monthly you should shop around...
If we're talking over a 6 month period then shut the frick up..
Posted on 6/20/23 at 9:37 pm to charminultra
But the legislature told us it was all Gordon’s fault and the tort reform passed in the summer of Covid would definitely lower our rates.
Posted on 6/21/23 at 3:23 am to BigBinBR
quote:
It’s not price matching you dumb shite. You don’t think carriers can update your rates so they don’t lose your business?
I’m an Insurance agent you dipshit, and no we absolutely cannot do that
. Some dumbass like you calls my office, I’m encouraging you to shop. What an idiot Adding a multi-line discount or a telematics discount is in no way re-rating your policy.
This post was edited on 6/21/23 at 3:31 am
Posted on 6/21/23 at 3:58 am to charminultra
yes
Posted on 6/21/23 at 8:55 am to BigBinBR
quote:
They aren’t a secret per se, but carriers put much more money in to customer acquisition than they do into retention. They rely on people being loyal or lazy and just accepting that rates are going to go up. When you call them and provide actual quotes they mysteriously find discounts that they can apply or they re-rate you.
The only one that normally doesn’t re-rate you for a lower amount is USAA. Pretty much all the other major carriers will see what they can do to adjust your rate. They may not match, but they can normally work it up to where it’s within a few dollars.
***Just a note, this info for auto insurance, homeowners and commercial policies have a lot less leeway.
"That's not how this works. That's not how any of this works."
If you called me and told me that I either price matched or you were walking, I would look at the coverages you were quoted. If it was the same that you have or very close I tell you that you found a good deal and you should take it if our service was not worth the price difference. In no way shape or form can you just price match and you can't just rerun credit/driving/history. It that were the case my retention would be damn near 100%. And if you think that retention doesnt matter then you clearly have no idea what you are talking about but we know that already.
Posted on 6/21/23 at 9:01 am to dwr353
quote:
FB is rolling out a new auto insurance program. Contact agent to see if it benefits you. If you have good credit and driving record you may do better. Did mine last week. Tripled my limits and saves $70 a month between two vehicles.
I did something with Farm Bureau a few months ago. My agent checked and mentioned something about a multi-state plan (I might be way off). My vehicle insurance for both me and my wife went down a good bit. Maybe $70 a month
Posted on 6/21/23 at 9:02 am to Bonkers119
quote:
Louisiana is a no pay no play state, meaning that if someone is driving with no insurance, they have no legal recourse if they get in an accident.
Only as to the first $15,000 of any recovery. Everything else is available. It’s not much of a deterrent except as to the most minor of claims.
Posted on 6/21/23 at 9:07 am to VermilionTiger
quote:
I did something with Farm Bureau a few months ago. My agent checked and mentioned something about a multi-state plan (I might be way off). My vehicle insurance for both me and my wife went down a good bit. Maybe $70 a month
FB used to use a state specific rating system. In '21 they started rolling out the new company specific rating system in Louisiana. The new system had some really good rates at the time as I'm sure they still do. The last few months they began rolling people from the old system to the new one. There are some requirements and no guarantee how your price will be affected but I do know that some have seen some significant changes. I would call me FB agent and ask then about pricing the new system if possible.
Posted on 6/21/23 at 9:10 am to Belaire Buck
quote:
FB used to use a state specific rating system. In '21 they started rolling out the new company specific rating system in Louisiana.
The new system had some really good rates at the time as I'm sure they still do. The last few months they began rolling people from the old system to the new one. There are some requirements and no guarantee how your price will be affected but I do know that some have seen some significant changes. I would call me FB agent and ask then about pricing the new system if possible.
Are you telling me or adding on to what I said? I am pretty sure this is what I already did
Posted on 6/21/23 at 1:23 pm to WhuckFistle
who do you use?
Posted on 6/21/23 at 2:02 pm to VermilionTiger
quote:
Are you telling me or adding on to what I said? I am pretty sure this is what I already did
Adding on...giving a little more depth...encouraging others to do the same...and they are a competitor. But hey I'm all about lowering rates when possible as long as coverage is adequate.
Posted on 6/21/23 at 2:17 pm to Das Jackal
Mine was 347 by myself with Geico. No accidents or tickets
Ridiculous
Ridiculous
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