Insurance Rates
 

I was informed today that we had a "general rate increase" this car insurance renewal period.
About $100/year. Due to forest fires?? Most of the flood damage was more than 1500 miles away, and I don't think that that many cars got burned in the fire storms around here compared with flooding and hurricanes elsewhere. ???

Just another way for CA to take money out of your pocket. As you know, insurance rates are statewide.

For example, I received a $20/yr increase on my entire policy a couple years ago and asked what was going on? They had said that because of the crime rate in ATL and storms in the southern part of the state of GA the rate increased. I shopped around a bit for a new policy just out of curiosity, but no one could touch USAA with a 9' pole.

I quizzed my Insurance Carrier two weeks ago about this. They said Every Company has done an "Increase Adjustment". Home, Auto, etc.

He's a decent guy I knew prior to him going into the Insurance Business. He said the Insurance Council (think I got that right) meets annually and compares loss/profit and decides weather to increase or decrease rates based on 12 months prior. He said the last one was after Katrina. This one was after the Hurricanes in the South.

He said all Companies are required to comply with rate adjustments, even if they stay the same. It's just the way it is. We're at their Mercy (or lack thereof) .

Insurance is a risk pool. I have 5 items insured under my vehicle policy, and my F-350 is the most expensive vehicle. Even more than my VW Golf 1.8T "pocket rocket" that is my daily driver. The truck as a low-miles per year "pleasure vehicle" costs more to insure.

And as goes the big risk pool, so goes the individual policies. I feel your pain.

Actually my truck is the least expensive of my "fleet" ha ha. The other two are a 4 runner and just added the Accord. The Accord is the most stolen vehicle in the country. Not sure on the 4 Runner but the Toyota Camery is #3 on the list.

Sorry Hydro, non-tech threads get posted in GNAC.

Thread moved.

Stewart

Insurance is the biggest scam in America. Auto insurance is Obamacare. You see all the commercials on TV and Youtube for these insurance companies that have "accident forgiveness" and "we'll buy you a one-model-year-newer car" and wonder how they can do that (since insurance companies also "drop" people with large claims)? Well, they charge the people that don't have accidents or claims to cover the cost. It's total bull****.

Auto insurance companies have done this to me for decades. I have NEVER had an accident, made a claim, or even gotten a ticket and they keep raising my premiums. I have five older-than-dirt vehicles (all on liability and highest deductable) and the rates keep going up and up and up. I'll be dropping USAA in a couple months when the next premium is due and switching to the lowest-cost one again until they do the same thing.

I used to have State Farm and I carried them for 12 years. When the rates would rise above an acceptable level I'd call and complain. The rates would drop for a couple months and then slowly creep up again to that level. I'd call again and repeat the process. After 12 years of playing that ridiculous game I quit those crooks and went to USAA.

The rebuttal from USAA is "we raise the premiums of the people with the claim/tickets". I say that's a crock. It's a crock that the people who aren't causing problems and being ****ty drivers are the ones paying the price and it's stupid.

It's a government plan to price people out of driving their own vehicles and get them into mass transit. Nothing more.

Obamacare = robbers. lairs...

3 years ago.. wife had coverage... got ill at home.. called 911.. fire department took her to hospital.. went into operation room..
fixed something inside of belly.. 5 days and $43,000 . to this day will not pay a dime...

not pre-approved...
she was removed from our house unconscious and bleeding internally .

I know NOT AUTO INSURANCE...

$43K for five days? Not too bad. When they carted me off to the hospital about a yer and a half ago the tab was over $100K before I even got there.

.
but the hospital is after me for the $43,000...
.
so I do not see a Deal..
most likely they will take my home..

3 to 1

Obomacare = they should pay, will not force.
Insurance company = not paying
Hospital =pay me.

and ME...do not have it. she was covered.

What a sad story. It's hard to see how they could insist on a pre authorization for a life threatening condition.

Have you tried talking to an attorney -- one should be able to tell you if there's any possibility of relief -- without charge I would think.

You can generally appeal any insurance decisions and sometimes the logic is goofy. My wife got an expensive device (a wound vac)as a take home after surgery. Insurance wanted to deny it because it had not been pre approved. Turned out that they were able to just change the type of authorization and it was covered. (20 K -- I was relieved).

Also, there should be a state office called insurance commissioner or something like that. They can sometimes help out.

Hope you can get some relief.

hj

I would more buy this if my insurance premiums had not gone up every year, despite no tickets, and one claim ever?

During lockdown bull crap in 2020-2021 and all the work from home were there not less auto accidents?

New vehicles the rate reduces every year for a while, how long I don't know? At some point you get your 15-25 yr old vehicles where the premiums keep going up year over year for a depreciating asset. The whole thing is a mind F--k

Anyone have any tips? It seems there is only punishment for being high risk, no reward for being low risk, or for loyalty etc.

I'm really feeling the squeeze this year, I do a pay in full for discount, and rates went up quite a bit..