Community Chat

[hckynut]

@patbz 

I was in what was called "risk insurance group". Because my mother didn't drive, they tossed me into this group. Each insurance company had to take X number from this group, which were considered high risk.

I had, still have never had an accident, but I was not 25 nor was I married. So!  This was in 1955 and I was paying $250 every 3 months for a $1,000 deductible liability policy. In today's $$$?  It was either that, or I could not get insurance to drive, no choice.

They even prevented me from getting a bigger motor in my brand new 1960 Thunderbird, or my insurance would almost double. Their view: bigger motor/drive faster, I guess. I paid that for 9 years, until I turned 25. It was Risk insurance, or NO insurance for me.

The magic age of 25? My insurance went down to $150 a year/full coverage on my brand new cars, and $25 deductible on everything. Driving my old and brand new cars cost me close to 2/3 of my income until I turned 25. 

hckynut 

[CherryHugs]

Thank you for all your replies!

I am planning to talk to my insurance agent today.

[qvcaddition]

My insurance went up 30.00 and with covid not driving as much. Need to call them and good luck getting anyone.

[SilleeMee]

Cars are getting more and more high tech and that comes with higher repair costs. Rates will continue to up no matter where you live.

[kivah]

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@shaggygirl wrote:

I'd bet you're not paying as much as I am on a 16 yr old Acura. Like about $1,400 a year. 

Although they do send me a check twice a year for about 30 bucks as a "payback" for having no claims.

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Way too high!!!! Check out insurance agents on-line - they'll check out cheaper insurance companies who have a top rating. Insurance companies keep raising the rates each year because they know most people will pay it.

[kivah]

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@kaydee50 wrote:

Do you still have collision insurance on your vehicle?  If so, consider dropping it.  A vehicle that old with a lot of miles on it is close to worthless so no point insuring it for damage.

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I also suggest raising the deductible which will lower the premiums.

[CherryHugs]

I took the advice to talk to my insur agent and did this week. He did a reassment on my insurance since I have auto and renters both with him.  I did tell him I didnt want to leave for a different agent etc.

The good news he called to tell me today -  that he put me with a different insurance company within their company!

My auto will now be $200 less per year than it was and renters will be $20 less. I am super happy about this! 

Wasnt concerned about the renters, as it was not that much and all of this is a huge happy surprise.