Community Chat

[CelticCrafter]

In NJ all companies asked for and received increases on personal auto and homeowners.  The latest notice we received about 2 weeks ago was informing us that they have asked for an increase on personal umbrella policies too.

Some companies are less expensive but it's such an insignificant amount that it's not worth the aggravation of switching.  For us on our auto insurance it would have been $5 a month. 

[LizzieInSRQ]

Dont forget: rates can  change not only to violations and accidents but also due to

• Age bracket and gender you fall into. You can age into an increase just like teens do.
• Also credit rating (FICO score)

I have Travelers Insurance, used to have Nationwide.

[gidgetgh]

Insurance is up everywhere. I belong to a huge local Facebook group and there have been many posts on the subject lately.

I have State Farm and have been with them since I got my driver's license at 16.  I am now 68.

[Pecky]

My car, auto & umbrella have all gone up and have had no accidents or claims.  I called them to ask why and I was told because of inflation, things costs much more to replace.  I did get quotes from other companies and they were higher.  I decided just to stay with Farmers.

[jlkz]

@Jordan2 @Pecky @gidgetgh @LizzieInSRQ @CelticCrafter 

Things have gone up tremendously: new cars, car repairs, building supplies, contractor services, marketing commercials, and all the claims brought on by hurricane, flooding and wildfire damages ( aka climate change ).

Some insurance companies are narrowing their targeted business segments, I.e., ours isn't renewing and insurance policies for apartment buildings with more than 4-5 units.  They are focusing on smaller apartment buildings with newer construction dates.

[jlkz]

@Jordan2 @Pecky @gidgetgh @LizzieInSRQ @CelticCrafter 

Things have gone up tremendously: new cars, car repairs, building supplies, contractor services, marketing commercials, and all the claims brought on by hurricane, flooding and wildfire damages ( aka climate change ).

Some insurance companies are narrowing their targeted business segments, I.e., ours isn't renewing and insurance policies for apartment buildings with more than 4-5 units.  They are focusing on smaller apartment buildings with newer construction dates.

As for car insurance, some companies will give a discount for taking an in person or online driver course ( 4-8 hours ).  Check with your agent to see if your company is included.  This was recommended in this month's AARP magazine. 

[CalminHeart]

I've been driving for 50+ years. 

• I have never caused an accident.
• I have never filed a claim with my auto insurance.
• I have never had a speeding ticket.
• I have never had any kind of violation while driving.
• I haven't driven over 3,000 miles in a year in the last decade. (I just sold my 2006 with 48,000 miles on it because I inherited a 2012 with 26,000 miles on it.)

U.S. public transit is pathetic compared to the rest of the evolved world (except for a few U.S. cities). I live along a route of what I call the world's worst bus system, which I used for work for many years.

Every kind of insurance company pools insureds into groups.   Everyone's premiums go toward paying claims and profit. If claims increase, profits go down, and premiums go up. But it hurts the good drivers in the group.  

[Pecky]

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@jlkz wrote:

@Jordan2 @Pecky @gidgetgh @LizzieInSRQ @CelticCrafter 

Things have gone up tremendously: new cars, car repairs, building supplies, contractor services, marketing commercials, and all the claims brought on by hurricane, flooding and wildfire damages ( aka climate change ).

Some insurance companies are narrowing their targeted business segments, I.e., ours isn't renewing and insurance policies for apartment buildings with more than 4-5 units.  They are focusing on smaller apartment buildings with newer construction dates.

As for car insurance, some companies will give a discount for taking an in person or online driver course ( 4-8 hours ).  Check with your agent to see if your company is included.  This was recommended in this month's AARP magazine. 

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@jlkz Thank you.  My husband and I have been taking the defensive driving class every 3 years for over 25 years now,  It really does help to lower the premium.  

[fthunt]

NYCM......NEW YORK Central Mutural

Sells only to NY residents

House & car package

Oct mine renews.........

[NYwoman]

I live in NY state and car insurance is constantly increasing.   The number of carjacking, accidents, car thefts, unlicensed driving, and DWIs and drugged driving is increasing exponentially.

NY gives out drivers licences and sells cars to anyone.   Add the many new unlicensed drivers around.   It is dangerous out there.   No wonder the car insurance companies are raising prices.   

The new relaxed drug laws. no IDs and records for new group of drivers add to the ridiculous laws in NY state that make driving here more hazardous.