Car insurance is ridiculous

[Anonymous]

Anonymous wrote:Which online broker? Didn’t that ding your credit?

Insurance broker. No, getting multiple insurance offers does not affect credit.

[Anonymous]

If your car isn’t worth much, look into dropping the collision and comprehensive and just carrying liability.

[Anonymous]

Just switch insurance companies, genius. This is normal. You have to switch every few years to get back to your lower rate.

[Anonymous]

Anonymous wrote:Stuff is more expensive. Just is. Yes shop around. But you need the coverage and will have to pay. Not sure why you are so mad. This is a pretty tight run industry -- less claims less cost -- more claims payments go higher.

This is like people in Cali upset a Big Mac is $20. You all voted for the high wages. Now you have to live with it.

The Big Mac meal is $18. Just a Big Mac is $6.

[Anonymous]

Anonymous wrote:Just switch insurance companies, genius. This is normal. You have to switch every few years to get back to your lower rate.

That used to work, moron, but not anymore. You switch to another company and within a few months they'll start jacking your rates up. All insurance companies are doing it.

[Anonymous]

Geico told me that I have to pay to fix other people's cars. This is in DC. Shopping around does not help at all. Others are even more expensive. They may keep it low the first year and then it will go up.
I have a 5- year old car, I drive 5 miles a day, no claims ever in almost three decades. I pay $780 every 6-months. I'm sure the renewal will be much higher.
The ones with many accidents need to get off the road and catch an uber.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just switch insurance companies, genius. This is normal. You have to switch every few years to get back to your lower rate.

That used to work, moron, but not anymore. You switch to another company and within a few months they'll start jacking your rates up. All insurance companies are doing it.

Pay annually, not monthly.

[Anonymous]

I cut both my car and house insurance by switching to Erie. Same level of car insurance as with Geico. Was very pleasantly surprised. Worth checking them out.

Am told to avoid national insurance companies because you're paying for people in California and Florida. Erie only insures states around the mid Atlantic, which means none of that wildfire/hurricane/tornado nonsense!

[Anonymous]

Anonymous wrote:I cut both my car and house insurance by switching to Erie. Same level of car insurance as with Geico. Was very pleasantly surprised. Worth checking them out.

Am told to avoid national insurance companies because you're paying for people in California and Florida. Erie only insures states around the mid Atlantic, which means none of that wildfire/hurricane/tornado nonsense!

Good tip, thanks!

[Anonymous]

Anonymous wrote:I cut both my car and house insurance by switching to Erie. Same level of car insurance as with Geico. Was very pleasantly surprised. Worth checking them out.

Am told to avoid national insurance companies because you're paying for people in California and Florida. Erie only insures states around the mid Atlantic, which means none of that wildfire/hurricane/tornado nonsense!

+1 Been an Erie customer for 20 years. My 2023 SUV costs me <$1200/yr. No increase this year as compared to last.

[Anonymous]

Anonymous wrote:We drive a very modest Mazda 3 that’s now 8 years old with 125k miles. 2020 our insurance bill was $530 every 6 months. 2021 they jacked it $620. 2022 raised to $680. In 2023, it ballooned to $735. Just got the damn bill for the first half of 2024 and they jacked it up further to $856!

Yes, I am cognizant of the fact there is inflation in auto parts, but over a 50% increase in 4 years for a car that is now 4 years older with many more miles is absurd. Since when does it cost almost $2k per year now to insure a POS Mazda 3 that’s 8 years old? I can’t even imagine how much money people are dumping into a fire pit on car insurance for households that have 2 newer cars or own cars that are much more luxury. Are people paying $2-3k per year for car insurance now? Car insurance inflation is out of control.


Yes, I know I am getting ripped off because we are being loyal to a company. We are going to shop around now. I’ve reached a breaking point.

You have collision and comprehensive insurance on an 8 year old car? Just need liability.

[Anonymous]

https://www.nerdwallet.com/article/insurance/break-up-with-your-car-insurance


Additionally, many car insurers practice something called "price optimization." DeLong describes it as "charging people higher rates and premiums based on the likelihood that they will accept that and not shop around for better deals."

Price optimization tends to punish loyal customers most, DeLong says. But, in addition, it also hurts people who are simply less educated about insurance, which is a lot of people, he adds.

It's worth noting that price optimization is currently banned in some states, and not every company practices it. Still, insurance companies adjust rates for many reasons. So while a low-priced policy may have initially lured you in, that sweet deal may have already soured by the time you renew (typically 6 or 12 months later).

[Anonymous]

I'm paying around $600 to $700 a year for a 2015 Ford Fusion in Arlington for liability coverage. I dropped collision and comprehensive since I can self-insure for an $8,000 loss. I have enough cash on hand to buy a similar new car outright.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just switch insurance companies, genius. This is normal. You have to switch every few years to get back to your lower rate.

That used to work, moron, but not anymore. You switch to another company and within a few months they'll start jacking your rates up. All insurance companies are doing it.

Pay annually, not monthly.

Right and in a few months they will raise your annual premium.

[Anonymous]

https://www.bankrate.com/insurance/car/average-cost-of-car-insurance-in-maryland/