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20% increase in cost of auto insurance
#8572632
04/06/22 11:19 AM
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Joined: Jul 2008
Posts: 22,207
Texas Dan
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jul 2008
Posts: 22,207 |
Anyone else seeing a substantial increase in the cost of their vehicle insurance coverage? Is this just another result of high inflation? No claims on my end.
Makes me wonder what the new rate for my home coverage will be when it renews in June.
Last edited by Texas Dan; 04/06/22 11:22 AM.
"Some people will never like you because your spirit irritates their demons."
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572634
04/06/22 11:22 AM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
80k cars and trucks are more expensive to fix
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572645
04/06/22 11:47 AM
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Joined: Jul 2019
Posts: 14,022
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,022 |
A couple of things here -
Attorneys are utilizing congestion and distracted driving to get bunches
Vehicles are more expensive to repair
Lower rate forecasts involving Covid activity slow downs are over and done with
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572652
04/06/22 11:53 AM
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Joined: Jul 2008
Posts: 22,207
Texas Dan
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jul 2008
Posts: 22,207 |
I can agree when I hear the taillights on new vehicles can run over $1200 to replace, not including labor.
"Some people will never like you because your spirit irritates their demons."
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572659
04/06/22 12:01 PM
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Joined: Feb 2010
Posts: 7,243
jhenderson
THF Trophy Hunter
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THF Trophy Hunter
Joined: Feb 2010
Posts: 7,243 |
House went up almost 50% when it just renewed. No claims ever. Cars went up about 20-25%. Nothing I can do about it even after shopping it still didn’t find a better rate anywhere else.
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Re: 20% increase in cost of auto insurance
[Re: jhenderson]
#8572661
04/06/22 12:03 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
you will own nothing and be happy
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572671
04/06/22 12:17 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
No complaints here. My take home also went up.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572674
04/06/22 12:23 PM
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Joined: Jun 2008
Posts: 7,918
bigjoe8565
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2008
Posts: 7,918 |
Mine just went up by a substantial amount.
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572681
04/06/22 12:36 PM
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Joined: Feb 2011
Posts: 3,018
Bar-D
Veteran Tracker
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Veteran Tracker
Joined: Feb 2011
Posts: 3,018 |
I just renewed my auto policy with Texas Farm Bureau and it had a pretty good jump from the last renewal. My agent told me they had an across the board increase in all coverage and if other companies have not increased yet, they soon will. I have bundled all my coverage with TFB to get the best rates I can. Auto, home, farm liability, barn, shop, equipment and implement coverage, the whole nine yards. Insurance is our biggest recurring expense.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572727
04/06/22 01:38 PM
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Joined: Oct 2008
Posts: 16,562
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,562 |
Insurance is also our largest expense. Auto, home, health, life, business liability. Ugg.
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Re: 20% increase in cost of auto insurance
[Re: jhenderson]
#8572738
04/06/22 01:52 PM
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Joined: Jan 2012
Posts: 29,105
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,105 |
House went up almost 50% when it just renewed. No claims ever. Cars went up about 20-25%. Nothing I can do about it even after shopping it still didn’t find a better rate anywhere else. Just redid home and auto yesterday with new provider. 20% reduction in home and 35% in homeowners. Went with Farmers.
LETS GO BRANDON
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572775
04/06/22 02:33 PM
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Joined: Jan 2013
Posts: 2,653
Gringo Bling
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 2,653 |
I got an auto-renewal on our vehicles from Geico in March. Actually went down. I'm not looking forward to my homeowners renewal later this year. Despite never filing a claim in 20 years, I'm expecting an increase.
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572902
04/06/22 04:43 PM
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Joined: Sep 2012
Posts: 15,850
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 15,850 |
Shopping my home and auto right now. Already know Allstate is losing a 30yr customer!
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572915
04/06/22 05:05 PM
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Joined: Jan 2007
Posts: 15,410
reeltexan
THF Celebrity
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THF Celebrity
Joined: Jan 2007
Posts: 15,410 |
Contact varmintslayer here and get a quote. He saved me a pile of cash.
"Give me an Army of West Point graduates and I'll win a battle... Give me a handful of Texas Aggies and I'll win a war." - General Patton
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Re: 20% increase in cost of auto insurance
[Re: Jimbo1]
#8572916
04/06/22 05:05 PM
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Joined: Jul 2008
Posts: 22,207
Texas Dan
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jul 2008
Posts: 22,207 |
Shopping my home and auto right now. Already know Allstate is losing a 30yr customer! That's who I just left for Farmers. Saved a few bucks but got much better home coverage.
"Some people will never like you because your spirit irritates their demons."
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Re: 20% increase in cost of auto insurance
[Re: Jimbo1]
#8572923
04/06/22 05:12 PM
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Joined: Jan 2012
Posts: 29,105
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,105 |
Shopping my home and auto right now. Already know Allstate is losing a 30yr customer! 30 years is 28 too many. Need to shop every other year in my opinion.
LETS GO BRANDON
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8572945
04/06/22 05:35 PM
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Joined: Nov 2008
Posts: 8,365
LoneStarSon
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2008
Posts: 8,365 |
Mine almost doubled...like less than $80 from doubling. I had MetLife through my professional liability insurance. Farmers bought their auto policies and holy cow was I in for a rude awaking. I am now with State Farm. It is a bit more expensive, but less than $100 over 6 months more, so not bad. They were the cheapest around. No claims, no tickets, credit rating is the same.
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8573201
04/06/22 10:30 PM
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Joined: Dec 2011
Posts: 1,924
gtrich94
Pro Tracker
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Pro Tracker
Joined: Dec 2011
Posts: 1,924 |
Progressive raised the insurance on my travel trailer by about 40%. I need to file a hail claim from last year and then get rid of the insurance.
Thanks, Rich
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Re: 20% increase in cost of auto insurance
[Re: NORML as can be]
#8573211
04/06/22 10:41 PM
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Joined: Sep 2012
Posts: 15,850
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 15,850 |
He got my daughter an auto policy that was way better in coverage and more than 1/ 3 less $.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8573226
04/06/22 11:07 PM
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Joined: Dec 2009
Posts: 9,771
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,771 |
Amica has been good for us. Easy to deal with.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: 20% increase in cost of auto insurance
[Re: TXHOGSLAYER]
#8573287
04/07/22 12:49 AM
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Joined: Jul 2005
Posts: 3,304
Stump_jumper
Veteran Tracker
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Veteran Tracker
Joined: Jul 2005
Posts: 3,304 |
Shopping my home and auto right now. Already know Allstate is losing a 30yr customer! 30 years is 28 too many. Need to shop every other year in my opinion. That is what I do but my independent agent has always come through.
2017 Tundra 5.7 CM 4x4 2006 Champion 2200 Bay Boat
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8573606
04/07/22 03:06 PM
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Joined: Jan 2009
Posts: 19,157
Judd
#1 Creedmoor Fan
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#1 Creedmoor Fan
Joined: Jan 2009
Posts: 19,157 |
Just got my Progressive renewal, last year I paid 1523 and the renewal is 2263...49% increase for the exact same coverage. Agent already working up a proposal.
Don't let your ears hear what your eyes didn't see, and don't let your mouth say what your heart doesn't feel
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8573608
04/07/22 03:09 PM
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Joined: Aug 2009
Posts: 3,832
Texan Til I Die
Extreme Tracker
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Extreme Tracker
Joined: Aug 2009
Posts: 3,832 |
Just wait until you see what happens to your health insurance. Those rate increases are going to curb stomp the auto insurance rates.
Silver spurs and gold tequila keep me hanging on. Pretty girls and old cantinas give me shelter from the storm.
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Re: 20% increase in cost of auto insurance
[Re: Texas Dan]
#8573616
04/07/22 03:23 PM
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Joined: Jun 2011
Posts: 33,787
Buzzsaw
THF Celebrity
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THF Celebrity
Joined: Jun 2011
Posts: 33,787 |
YEA !! I switched my home and auto insurance this year. I didn't ask some important questions I should have. NOT looking forward to these increases.
SPACE FOR RENT
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