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Started By
Message
re: WSJ: "Insurers Rake In Profits as Customers Pay Soaring Premiums"
Posted on 1/25/24 at 12:46 pm to PeteRose
Posted on 1/25/24 at 12:46 pm to PeteRose
Seems like the longer you stay with your insurance company, the more they screw you. Had Allstate for 8 years and my car insurance went up by $2300 this six month period. Granted, I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years.
When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
8
Posted on 1/25/24 at 12:58 pm to AirbusDawg
quote:
Ended up switching to another company and saved 50%
I’m in exactly the same boat. Who did you switch to?
Posted on 1/25/24 at 1:58 pm to AirbusDawg
I had Safeco auto coverage for 2 cars, just my wife and I. 1st year was (monthly) $225, 2nd year, $265, 3rd year $296. Their quote to renew us this time was at $396. Not a single ticket or accident during that time.
Went online the other day and did the runaround, ended up signing on with Progressive for $247. Could've had it even cheaper if I agreed to have that deal in my truck that tracks my driving but that feels sketchy.
Happy for now, but I'm sure at renewal they'll play the same game Safeco did.
Went online the other day and did the runaround, ended up signing on with Progressive for $247. Could've had it even cheaper if I agreed to have that deal in my truck that tracks my driving but that feels sketchy.
Happy for now, but I'm sure at renewal they'll play the same game Safeco did.
Posted on 1/25/24 at 8:00 pm to AirbusDawg
quote:
When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
When an Allstate agent says that they don’t mean rate they will raise deductibles and lower coverages
Posted on 1/25/24 at 8:02 pm to AirbusDawg
quote:
Seems like the longer you stay with your insurance company, the more they screw you. Had Allstate for 8 years and my car insurance went up by $2300 this six month period. Granted, I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years. When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
What an amazing story.
Posted on 1/25/24 at 11:01 pm to AirbusDawg
quote:
I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years. When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
Dropped Allstate and went with Progressive online (no agent) and reduced my annual premium from $15k to $8500- same coverages and deductibles. Hope Progressive didnt give me a teaser introductory rate that will skyrocket at renewal, but if so, will just have to shop it. I suspect this may be their game, but any increase would probably still leave me below Allstate. If nothing else, I enjoyed the temporary savings.
Posted on 1/26/24 at 6:37 am to AirbusDawg
quote:
Seems like the longer you stay with your insurance company, the more they screw you. Had Allstate for 8 years and my car insurance went up by $2300 this six month period. Granted, I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years.
When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.
Sounds like most things in life. Budgets are always hire for new business and new employees. Shop around every 2 years at the absolute minimum.
Posted on 1/26/24 at 6:43 am to AirbusDawg
quote:
His reply, well I could have probably gotten it down a little for you
"And that's why you lost my business, because you could have, but did not."
Posted on 1/26/24 at 7:30 am to AirbusDawg
quote:
Seems like the longer you stay with your insurance company, the more they screw you.
This is the case for many things now. Loyalty is punished or not rewarded, but switching is rewarded.
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