topic Re: insurance companies in Community Chat

insurance companies

bonnie f — Sat, 29 Aug 2015 02:12:29 GMT

i know everyone will have different opinions on this, i'm searching for a new insurance company, for my car & renters insurance, i have allstate, have had them for 20 plus yrs and there rates are extremely high. i have a 13 yr old car and almost every yr my ins. goes up by like almost 40 or more dollars a yr.. i talked to them about how to lower it and kinda got the run around they said unless you drop your collision there's really no way of lowering it.. they did wind up lowering it a tad, only by like 20.00 every 6 months........... now again i get my bill and it went up again by 17.00 every 6 months crazy i've had it with them!!!!!!!!!! whats another good insurance company...... also they told me with a new insurance company after your 1st accident with them your insurance can skyrocket i think they said this so i wouldnt switch........ of course it would go up..... they told me i've been with them for so long if i have an accident they would look past it...... so what are your opinions ok i'll tell you... i'm paying almost 600.00 every 6 months for my 13 yr old car i hardly even drive.... allstate has got to go!!!!!!!!!! i am in my mid 40's its not like im 17 years old and a brand new driver..... thanks for your input on this!

Re: insurance companies

Bird mama — Sat, 29 Aug 2015 02:14:55 GMT

Denise, I have state farm. I live in MI where there is no cap on insurance payout for accidents so I pay thru the nose no matter what.

Re: insurance companies

sunshine45 — Sat, 29 Aug 2015 02:18:21 GMT

dont know where you live, but we switched a few years ago from nationwide to ERIE......they have been very good and the savings was significant. we moved all of our policies to erie (except for our national flood insurance, which is issued via nationwide)

Re: insurance companies

10000Nicknames — Sat, 29 Aug 2015 02:21:57 GMT

@denisexoxo wrote:
i know everyone will have different opinions on this, i'm searching for a new insurance company, for my car & renters insurance, i have allstate, have had them for 20 plus yrs and there rates are extremely high. i have a 13 yr old car and almost every yr my ins. goes up by like almost 40 or more dollars a yr.. i talked to them about how to lower it and kinda got the run around they said unless you drop your collision there's really no way of lowering it.. they did wind up lowering it a tad, only by like 20.00 every 6 months........... now again i get my bill and it went up again by 17.00 every 6 months crazy i've had it with them!!!!!!!!!! whats another good insurance company...... also they told me with a new insurance company after your 1st accident with them your insurance can skyrocket i think they said this so i wouldnt switch........ of course it would go up..... they told me i've been with them for so long if i have an accident they would look past it...... so what are your opinions ok i'll tell you... i'm paying almost 600.00 every 6 months for my 13 yr old car i hardly even drive.... allstate has got to go!!!!!!!!!! i am in my mid 40's its not like im 17 years old and a brand new driver..... thanks for your input on this!

We've had Allstate for 28 years, and our premium is lower than ever. But we've never had an accident, so that helps, but talk to your agent. If they won't offer you anything, move on, but they should. We pay about $600 every 6 months for 2 cars, one older and one newer, with 3 drivers. Good luck!

Re: insurance companies

151949 — Sat, 29 Aug 2015 02:26:47 GMT

That is expensive - making me wonder about your driving record. In general Allstate is pretty inexpensive in comparison to most.

Re: insurance companies

blackhole99 — Sat, 29 Aug 2015 02:28:46 GMT

I liken insurance companies to the mob.LOL That being said, it's a necessary evil and the law I guess. If you are in the military or have ever been, USAA is a decent insurance company to deal with.

Re: insurance companies

GCR18 — Sat, 29 Aug 2015 02:32:28 GMT

I would go into the office and have them explain your policy to you, so you know what you're paying for. I did that last year and found there was some extra stuff I didn't know I was paying for. I use Hanover and pay $800 a year for a 4 year old SUV.

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tansy — Sat, 29 Aug 2015 02:33:56 GMT

Rates vary from state to state. We've been with Geico for years and have been treated well.

Re: insurance companies

bonnie f — Sat, 29 Aug 2015 02:37:14 GMT

i live in pa........ had 1 accident 6 yrs ago it was the other persons fault, she had no incurance, she admitted it was her fault.... they didnt raise my insurance for that, but now they're making up for it lol i did go talk to them last yr.. they said there's no way of lowering it which really mad no sense unless i dropped my collision. this is at least the 5th time i could remember of it going up.... like i said im 43 have a 2002 car and clean driving record, kinda makes no sense why its so high.. i did sit down with the guy last yr like i said he went through my policy to see how i could lower it.....

Re: insurance companies

sunshine45 — Sat, 29 Aug 2015 02:43:35 GMT

denisexoxo wrote:
i live in pa........ had 1 accident 6 yrs ago it was the other persons fault, she had no incurance, she admitted it was her fault.... they didnt raise my insurance for that, but now they're making up for it lol i did go talk to them last yr.. they said there's no way of lowering it which really mad no sense unless i dropped my collision. this is at least the 5th time i could remember of it going up.... like i said im 43 have a 2002 car and clean driving record, kinda makes no sense why its so high.. i did sit down with the guy last yr like i said he went through my policy to see how i could lower it.....

if you are in pa then definitely check out ERIE......it saved us a lot. it also helps to work with an insurance broker who can check multiple companies to help you get the best deal.

Re: insurance companies

makeup addict — Sat, 29 Aug 2015 02:57:52 GMT

I switched to Amica insurance a few years ago and Ive been very happy with their service and their prices.

If you can pick up Consumer Reports, its worth reading. some insurance companies are using your credit scores to determine your rates not just driving record.

Car insurance is like life insurance; regulated by the states so your premiums can vary with someone with the same criteria across yur state line.

Theres something called Price Optimization. Only six states that do not allow this practice- CA,FL,MD,VT,OH, and WA

They use various data to determine hiw much you are willing to tolerate and pay and what are the chances you will actually change carriers.

Amica is one of the few companies that stated their rates are based on your driving record/ insurable risk.

Allstate, gieco, progressive, and usaa declined to comment when asked about price optimzation.

after 15 years with Nationwide, I switched to amica and saved 600 a year on home and auto.

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lilypadfrog — Sat, 29 Aug 2015 02:59:27 GMT

I am 64, live in Phoenix, own a 6 year old car with full coverage and $250 deductible. I had 2 accidents, not my fault because my car was hit while parked. My insurance company had to pay in full for both accidents except for my deductible. I pay $660 per year for the car and my homeowners insurance. Maybe its my age, but I do drive for my job and the insurance company knows that. I have State Farm. There has to be a variance for location and maybe even agent. I once thought about changing agents but staying with State Farm. The bids I got were higher than my own agent.

Re: insurance companies

bonnie f — Sat, 29 Aug 2015 03:03:39 GMT

wow and i pay just about 1,200 a yr crazy

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brii — Sat, 29 Aug 2015 03:15:09 GMT

We just switched to State Farm from Allstate.

We have 3 cars and 4 drivers, which includes two teen drivers. We pay $1400 for the year. I think that's pretty good. Allstate was ridiculously high.

We also have our homeowners through State Farm.

Re: insurance companies

panda1234 — Sat, 29 Aug 2015 03:34:25 GMT

@denisexoxo wrote:
i live in pa........ had 1 accident 6 yrs ago it was the other persons fault, she had no incurance, she admitted it was her fault.... they didnt raise my insurance for that, but now they're making up for it lol i did go talk to them last yr.. they said there's no way of lowering it which really mad no sense unless i dropped my collision. this is at least the 5th time i could remember of it going up.... like i said im 43 have a 2002 car and clean driving record, kinda makes no sense why its so high.. i did sit down with the guy last yr like i said he went through my policy to see how i could lower it.....

Sounds like it is time for a change. We have Amerpise with COSTCO, very happy. We have been with them for ten years...great customer service.

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nunya — Sat, 29 Aug 2015 03:36:06 GMT

If your car is older you have to decide if it's worth paying for collision.

I just switched my homeowners from Liberty Mutual to Allstate and saved 1000 a year.

I'm switching my car insurance when my policy is up.

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rrpell — Sat, 29 Aug 2015 03:36:29 GMT

Denise, you might try going to an independent agent. They don't represent just one company. They offer choices. There are some insurance companies whose rates for single woman are very favorable. They want you! An independent agent knows their companies and can guide you to them.

Re: insurance companies

nunya — Sat, 29 Aug 2015 03:37:56 GMT

@denisexoxo wrote:
wow and i pay just about 1,200 a yr crazy

You need to get quotes from other companies. I pay 1300 a year for 3 cars.

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Carmie — Sat, 29 Aug 2015 04:03:26 GMT

What's the Blue Book value of your 13 year old car?

If your car has no or a low value why would you carry collision insurance on it? If you were to have an accident, they probably won't fix it. They will just total the car and give you the lower book value amount. You could end up with a zero pay out.

An independent agency who sells insurance from many insurance companies can look for a better rate for you. Also, if you belong to a credit union, you might be able to greet a lower group fee.

Shop around.

Re: insurance companies

151949 — Sat, 29 Aug 2015 04:15:58 GMT

There are soooo many factors that go into the formula for what an individual pays for insurance that it can't even be discussed here intelligently. There is your age - your driving record, things like tickets and accidents - the value of your car , a 12 year old mercedes is much more valuable than a 12 yr old Ford focus - the area where you live and where you regularly drive the car. Theft is more prevelent in some areas than others , as is vandalism - how many miles the car is driven regularly, and is the car driven daily. Weather where you live, is the car driven in the snow and ice or do you live where it is always warm out. is the car parked on the street or locked up in a garage. There is also the factor of what you buy in a policy, do you want full replacement value then you would pay for that. How big is your deductible, How high a value did you buy for personal injury and major medical? of course the better ins you buy the more it costs.

These are just the variables I can think of off the top of my head.