My Insurance Premium INCREASED because of you guys.....

[MikeGstayUp]

I always find these threads to be funny because everyone seems to think they are an expert.
1st- Comprehensive covers more than what some of you think, it also covers if you hit an animal. So not just vandalism affects comprehensive rates.
2nd - comparing prices is like comparing Salaries, everyone's is going to be different because of different factors for each person.

I am an Insurance Agent and he said it pretty well...

Originally Posted by kr juice 1

Something to always remember insurance is based off of the "law of large numbers". So they figure there is so many drivers in zip code 77001, from there they use complicated formulas to figure ok we should only pay out so much in claims. When that number is surpassed well guess what happens. Rates go up for the whole group not just one person. Becuase the numbers they submitted to their investors is based of course on certain percentage profit. In orderto meet the numbers they have provided to their investors they gotta raise the rates to of course screw us and be profitable.

And yes New Jersey and New York generally have some of the highest rates in the country, a lot of it is due to fraud....Florida is starting to get a lot like them.
Insurance rates aren't black and white as most people think, too many algorithms too count!

[SD2011SS]

Originally Posted by AieaboyHI

Attached to my increase in insurance premiums was these quotes....

"The claim experience on your make and model has resulted in an increase to your vehicle rating group for comprehensive coverage"

"The claim experience on your make and model has resulted in an increase to your liability rating group for bodily injury and property damage coverages"

So my premiums went UP to $368 for 6 months of coverage. That OVER $2 USD a fricking DAY.

Can y'all keep it below 100 MPH?

Thanks in advance.

Lmao dude I pay 1280/yr for my SS. Quit complaining..

[Vintage-Iron]

I pay $520 a year full coverage with allstate for my 2012 SS but I am 52 years old, no tickets, DUI's or accidents.